12:15 / 25.03.2021
Uzbekistan’s budget deficit projected at 37.5 trillion soums in 2021

In 2021, the consolidated budget revenues of Uzbekistan are projected at 178.7 trillion soums and expenditures at 216.2 trillion soums.

 According to the Ministry of Finance, in 2021 the economy will gradually recover, the consolidated budget deficit will reach 37.5 trillion soums or 5.4% of GDP. 

It is noted that starting this year, the costs of implementing government programs at the expense of external debt on the basis of international standards are included in the consolidated budget of the republic.

According to the ministry, three sources will be used to cover the budget deficit (37.5 trillion soums) and repay the bulk of public debt in the amount of 7.8 trillion soums. 

External sources: 

  • loans from international financial institutions – 9.4 trillion soums;
  • Eurobonds – 9.3 trillion soums;
  • debts for the implementation of state programs – 12.1 trillion soums. 

Internal sources: 

- issuance of treasury bonds – 5 trillion soums. 

Funds remaining from the previous year: 

- from the Fund for Reconstruction and Development of Uzbekistan – 8.1 trillion soums;

- from the state budget and state trust funds – 1.4 trillion soums. 

By the end of 2021, total public debt is projected at $28.3 billion, or 45.3 percent of GDP. 

According to the Ministry of Finance, despite the dynamics of growth, public debt remains stable and safe for macroeconomic stability. 

As of January 1, 2021, the public debt of Uzbekistan equaled $23.3 billion. Of this, $21.1 billion – external debt.