According to the Budget Message of the Ministry of Economy and Finance for 2026, wages, pensions, and benefits in Uzbekistan will be increased above inflation until 2030. This approach is aimed at increasing the real incomes of the population and strengthening social protection.
The document anticipates reforms in the state pension system and plans to gradually reduce the amount of state funding for the Pension Fund. At the beginning of 2026, the savings balance is projected at 3.9 trillion soums, revenues at 64.7 trillion soums, and expenditures at 86.1 trillion soums.
Accordingly, it is planned to allocate 23 trillion soums of transfers from the budget next year. In 2027, this figure is expected to decrease to 20 trillion soums, and in 2028 - to 18 trillion soums. Meanwhile, the fund's revenues will reach 75 trillion soums in 2027 and 87.8 trillion soums in 2028.
Expenditures will increase by 95.1 trillion and 104.8 trillion soums, respectively. At the same time, the number of pensioners is expected to increase by 489 thousand people in the next three years and reach 4.76 million people. Annually, the number of people reaching retirement age increases by 5.1 percent.
According to calculations, every 1% increase in the salaries of employees of budget organizations will increase budget expenditures by 1.67 trillion soums. Each percentage increase in pensions will be equal to 861 billion soums.
Also, with a 10% increase in the number of families receiving social benefits, budget expenditures will increase by 1.6 trillion soums. This situation indicates the need for more thorough planning of budget policy.
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