Uzbekistan's gross foreign debt exceeds $61 billion

As of April 1, 2024, Uzbekistan's gross foreign debt has surpassed $61 billion, according to statistics from the Central Bank of the Republic of Uzbekistan.

During a parliamentary meeting on September 5, Minister of Economy and Finance Jamshid Kuchkarov announced that in the first half of 2024, Uzbekistan's public debt balance amounted to $37 billion. Of this amount, the state's external debt reached $30.9 billion, while internal debt stood at $6.1 billion. Citing a report from the International Monetary Fund, Kuchkarov noted that Uzbekistan's state debt remains at a moderate level.

The country's public debt-to-GDP ratio is projected to be around 37% in 2024, 37.4% in 2025, and 37.9% in 2026. Meanwhile, Uzbekistan's gross domestic product is expected to rise from $100 billion in 2024 to $125 billion in 2025, and to $140 billion in 2026.

In terms of gold purchases from abroad, Uzbekistan ranked second among the countries that bought the most gold. The Central Bank purchased 9 tons of gold in June and 9.6 tons in July of this year, raising the country's gold reserves to 375 tons.