According to the latest report of the Ministry of Economy and Finance, as of July 1 of this year, Uzbekistan’s public debt reached 43 billion 376 million US dollars. This figure was noted as an important indicator in terms of the country’s economic performance and financial stability.
According to the data, out of the total debt, 36 billion 414 million dollars is external debt, while 6 billion 962 million dollars is domestic debt. The debt-to-GDP ratio increased by 1.8 percent compared to the same period last year, reaching 34.2 percent.
For comparison, as of July 1, 2024, the country’s public debt stood at 37 billion 241 million dollars. Thus, within a year, the debt volume increased by 16.5 percent.
The main part of the external debt falls on major financial institutions. In particular:
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World Bank – 7.8 billion dollars,
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Asian Development Bank – 7.4 billion dollars,
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International Eurobonds – 5.7 billion dollars,
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Chinese financial institutions – 3.8 billion dollars,
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Japanese financial institutions – 3.2 billion dollars,
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Asian Infrastructure Investment Bank – 1.7 billion dollars,
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French financial institutions – 1.1 billion dollars,
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Islamic Development Bank – 935 million dollars,
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Korean financial institutions – 750 million dollars,
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International Monetary Fund – 642 million dollars,
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German state bank – 481 million dollars,
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European Bank for Reconstruction and Development – 401 million dollars,
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Other sources – 2.5 billion dollars.
The report emphasizes that almost half of the total external debt — 47 percent, or 16.9 billion dollars, has been directed to ensuring and supporting the stability of the state budget. In addition, 5.9 billion dollars was allocated to the fuel and energy sector, 3.1 billion dollars to agriculture and water management, 2.9 billion dollars to transport infrastructure, and 3 billion dollars to housing and utilities.
Thus, the sharp increase in public debt once again highlights the necessity of revising the country’s economic policy, effectively directing external funds, and ensuring internal stability.
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