TASHKENT, Uzbekistan, November 10. Uzbekistan's state debt has reached $31.5 billion from January through June of 2023, Trend reports.
According to Central Bank of Uzbekistan data, state external debt remained steady at $25.9 billion in the first half of the current year, while internal debt climbed by $2.3 billion, totaling $5.6 billion.
The ratio of public debt to GDP in Uzbekistan increased from 36.4 percent at the end of 2022 to 36.8 percent on July 1, 2023.
Furthermore, fiscal support and the electric power business account for more than 55 percent of the country's debt.
Meanwhile, Uzbekistan's President Shavkat Mirziyoyev passed a decree setting the maximum level of state debt at 60 percent of GDP in May 2023.
According to the results of the first half of 2023, Uzbekistan's GDP amounted to 469.6 trillion Uzbek soums ($38.9 billion).
Meanwhile, the IMF anticipates that Uzbekistan’s real GDP will stand at 5.5 percent in 2028, with no changes from the 2023 and 2024 projections.
Uzbekistan plans to bring GDP to $160 billion by 2030, and the volume of exports is planned to increase to $45 billion as opposed to $18.5 billion in 2022.
The volume of GDP in Uzbekistan amounted to $80.4 billion in 2022, an increase of 13 percent compared to $69.24 billion in 2021.
