Uzbekistan's national debt has surpassed 40 billion dollars.

Uzbekistan, Tashkent – According to AN Podrobno.uz, the Ministry of Economy and Finance of Uzbekistan has announced the amount of national debt for 2024. By the end of the fourth quarter of the previous year, it reached $40.2 billion, which is equivalent to 35% of the country’s gross domestic product.

https://podrobno.uz/cat/economic/gosudarstvennyy-dolg-uzbekistana-prevysil-40-milliardov-dollarov/2025-02-28 08:12:46

Of this amount, $33.7 billion (84%) is attributed to external debt. Out of this, $17.9 billion was raised at a fixed interest rate, while $15.64 billion was obtained at floating rates. However, detailed information regarding the composition of the debt and the interest rates on loans is not disclosed.

The domestic debt has risen to $6.5 billion, up from $5.9 billion at the beginning of the year. Of this total, $5.1 billion was raised at fixed interest rates, and $1.2 billion was provided interest-free.

Changes in the national debt over the past five years:

in 2019 – $17.8 billion;
in 2020 – $23.4 billion;
in 2021 – $26.3 billion;
in 2022 – $29.2 billion;
in 2023 – $34.9 billion.

Economist Otabek Bakirov commented on the current situation regarding the national debt.

"Per capita, the national debt has increased by more than $1,000, reaching $1,070 (compared to $949 as of January 1, 2024)," the economist stated in his Telegram channel.

Bakirov also notes that the largest portion of the debt was taken to support the budget ($15.3 billion).