Uzbekistan announces draft budget law for 2024: national debt limit set at $5 billion

According to the document, state budget revenues next year should amount to 270.3 trillion soums, and expenses (excluding inter-budgetary transfers) - 279.6 trillion soums.

The upper limit of the budget deficit is projected at 52.5 trillion soums, or 4% of GDP.

Gross domestic product growth in 2024 is forecasted at 5.6-5.8%. The expected GDP growth rates will be ensured by an increase in production in industry by 6%, in the services sector by 6.1%, and in agriculture by 4%.

It is also planned that the limited volume of new agreements concluded annually to attract external debt will be $5 billion, of which $2.5 billion will be used to support the state budget and $2.5 billion to finance investment projects.