Uzbekistan’s public debt revealed
Local
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02 September 19717 2 minutes
As of July 1 this year, Uzbekistan’s public debt reached $43.376 billion, according to the report of the Ministry of Economy and Finance.
Of the total debt, $36.414 billion accounts for external debt and $6.962 billion for domestic debt. The ratio of public debt to GDP increased by 1.8 percent compared to the same period last year, amounting to 34.2 percent.
It should be noted that as of July 1, 2024, the public debt stood at $37.241 billion. Over the past year, this figure has risen by 16.5 percent.
As of July 1, the structure of Uzbekistan’s external debt by creditors is as follows:
- World Bank — $7.8 billion
- Asian Development Bank — $7.4 billion
- International investors (Eurobonds) — $5.7 billion
- Chinese financial institutions — $3.8 billion
- Japanese financial institutions — $3.2 billion
- Asian Infrastructure Investment Bank — $1.7 billion
- French financial institutions — $1.1 billion
- Islamic Development Bank — $935 million
- Korean financial institutions — $750 million
- International Monetary Fund — $642 million
- German state bank — $481 million
- European Bank for Reconstruction and Development — $401 million
- Other financial institutions — $2.5 billion
During this period, 47 percent of the total external public debt ($16.9 billion) was directed toward budget support. Another 16 percent ($5.9 billion) was allocated to the fuel and energy sector, 9 percent ($3.1 billion) to agriculture and water management, 8 percent ($2.9 billion) to transport and transport infrastructure, and 8 percent ($3 billion) to housing and utilities.
It is worth noting that earlier, according to the Central Bank’s review on “Uzbekistan’s balance of payments, international investment position, and external debt”, the country’s total external debt amounted to $68.4 billion in the first quarter of this year. Of this, public external debt stood at $35.8 billion, while corporate external debt reached $32.6 billion.
