Uzbekistan's fiscal strategy for 2025-2027 anticipates a government debt-to-GDP ratio ranging from 39.5% to 40.4%, according to the Ministry of Economy and Finance.
Approved by the Cabinet of Ministers, the strategy outlines a conservative approach to public debt amid stable economic conditions.
It sets a framework to maintain the debt-to-GDP ratio within a specified range over the next three years.
The budget plan considers various scenarios, including limits on public debt and deficits, and provisions for crucial investment projects.
The strategy projects the debt-to-GDP ratio will stabilise between 39.5% and 40.4% from 2025 to 2027.
Simultaneously, Uzbekistan will aim to manage an average external debt-to-GDP ratio of about 33.3% during the same period.
The government plans to maintain a consolidated budget deficit averaging 3% of GDP in line with what it determines is a balanced fiscal management approach.
The strategy includes efforts to extend the maturity of public debt through increased issuance of medium- and long-term government securities and the diversifying of debt sources.
Officials say they will enhance transparency in public debt reporting and implement robust measures for managing debt servicing risks.
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