TASHKENT, Uzbekistan, October 16. The International Monetary Fund (IMF) has taken a fresh look at Uzbekistan’s current account balance, expecting a tighter ship in the deficit department in the years ahead, Trend reports.
The International Monetary Fund has revised its projections,
anticipating a contraction of the fiscal deficit to 2.4 percent of
GDP by 2025, a notable adjustment from the earlier estimate of 5
percent articulated in April. Furthermore, for the fiscal year
2026, the deficit is now expected to be 4.6 percent of GDP, a
slight improvement from the prior forecast of 4.8 percent.
The upward adjustment is predominantly ascribed to escalating
international gold valuations, which have recently eclipsed $4,000
per troy ounce, enhancing export revenues and bolstering the
nation’s external equilibrium.
In the interim, the fund has revised its projections for real GDP
growth in Uzbekistan, now anticipating a robust 6.8 percent for
2025, an increase from the previously estimated 5.9 percent
articulated in April. For the fiscal year 2026, the International
Monetary Fund anticipates a gross domestic product escalation of
6.0 percent, marginally surpassing the prior forecast of 5.8
percent, indicative of sustained economic fortitude and persistent
structural enhancements.
