Uzbekistan’s national debt exceeds $24 billion

The government debt of Uzbekistan as of July 1, 2021, amounted to $24.2 billion, or 38.5% of the gross domestic product (GDP), follows from the report of the Ministry of Finance.

Public external debt reached $21.8 billion (34.7% of GDP). Public domestic debt also increased by $200 million – to $2.4 billion (3.8% of GDP).

At the end of the first quarter, the national debt was $23.2 billion, which is $1 billion less than the current figure.

The reasons for the growth of the national debt by the end of the first half of the year by $858.6 million are explained by the use of funds to cover the state budget deficit, repayment of the principal debt on loans, as well as the exchange rate difference.

The country is indebted to:

• Asian Development Bank - $5 billion;
• World Bank - $3.8 billion;
• State Development Bank of China and others - $2.2 billion;
• Japan International Cooperation Agency - $2.2 billion;
• Eximbank of China - $2 billion;
• International investors - $1.7 billion;
• Fund for the Development of Economic Cooperation and others - $1 billion;
• Islamic Development Bank - $0.9 billion;
• Japan Bank for International Cooperation and others - $0.6 billion;
• Other international financial institutions - $2.4 billion.