TASHKENT, Uzbekistan, February 28. Uzbekistan's consolidated budget revenues for 2024 reached 385.8 trillion soums ($29.7 billion).
According to the data obtained by Trend from the Ministry of Economy and Finance of Uzbekistan, this figure marks a 5 percent increase compared to 321.9 trillion soums ($24.7 billion) in 2023.
The growth reflects robust state budget contributions, which rose from 231.7 trillion soums ($17.8 billion) in 2023 to 274.3 trillion soums ($21.1 billion) in 2024. Other revenue sources, including joint state and foreign trade operations and extrabudgetary funds, also saw increases, signaling a strengthening fiscal position for the year.
Furthermore, the revenue growth is mirrored by a rise in state budget allocations, with joint operations contributing 32.4 trillion soums ($2.4 billion) in 2023 and 40.8 trillion soums ($3.1 billion) in 2024, while extrabudgetary funds increased from 57.8 trillion soums ($4.4 billion) to 70.7 trillion soums ($5.4 billion), as detailed in the structure of the consolidated budget for 2024.
In the interim, it is projected that Uzbekistan's fiscal equilibrium will achieve a stabilization at 3.0 percent of GDP by the year 2025, with no substantial fluctuations anticipated for the subsequent years of 2026 and 2027.
The projected fiscal shortfall for the fiscal year 2024 is anticipated to stabilize at -4.0 percent of GDP, reflecting a marginal improvement over the preceding year's outcome of -4.9 percent, attributable to a surge in governmental revenue streams and optimized fiscal expenditure protocols.
