Uzbekistan’s external debt up by $1.6 billion in H1 2020

It was noted that as of July 1, 2020, the government’s external debt and state-guaranteed debt, according to preliminary estimates, amounted to $19.4 billion equivalent or 34.0% of gross domestic product (GDP).

In particular, according to preliminary estimates, in the first half of the year, the country’s external debt increased by $1.6 billion (10.5%) compared to the beginning of the year and amounted to $17.31 billion (30.3% of GDP) as of July 1.

Of this amount:

- Government’s external debt – $11.6 billion;

- State-guaranteed external debt – $5.7 billion.

According to preliminary estimates, the country’s domestic debt is 21.6 trillion soums ($2.1 billion) or 3.7% of GDP.

Of which:

- Government’s domestic debt – 4.3 trillion soums ($0.4 billion);

- State-guaranteed domestic debt – 17.3 trillion soums ($1.7 billion).

It was noted that despite the dynamics of growth of public debt in recent years, according to international standards, the public debt of Uzbekistan (34.0% of GDP), including public external debt (30.3% of GDP) remains moderate.