Information on the state loan of Uzbekistan was informed

00:52 24 June 2020 Economy
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As a condition of April 1, 2020, the remains of debts attracted on behalf of the Government of the Republic of Uzbekistan and under the state guarantee, according to preliminary accounts, amounted to 18.2 billion USD equivalents or with the gross domestic product (GDP) to 31.3%.

According to the report of the Ministry of finance, in the first quarter, the external loan of country amounted to 0.5 billion USD or 2.9% compared to the beginning of the year and in quantity 16.11 bln.  USD or 27.7% of GDP.

From them:

External debt on behalf of the government formed to 10.9 billion U.S. dollars;

Government-guaranteed external loan – 5.2 billion U.S. dollars.

The internal debt of country amounts 20.0 trillion soums (2.1 billion US dollars) or 3.6% of GDP.

From them:

Internal loan on behalf of the government – 1.7 trillion soums (0.2 billion US dollars);

The government-guaranteed domestic debt is 18.3 trillion soums (1.9 billion US dollars).

According to the given information, despite the dynamics of growth of state debt in recent years, as an international standards, the state loan of the Republic of Uzbekistan (31.3% of GDP), including public external debt (27.7% of GDP) remains moderate.

In accordance with the Debt stability analysis of the World Bank and the International monetary fund, as the economic capability of the Republic of Uzbekistan service potential to the state debt is strong, and the norm for public external debt in these countries can be up to 50% of GDP.

Main factors forming the growth of state debt in the first quarter of 2020:

The balance of disbursed funds under foreign loan agreements signed on behalf of the Government of the Republic of Uzbekistan amounted to 200 million U.S. dollar,

The balance of disbursed funds under foreign loan agreements signed under the state guarantee is 400 million U.S. dollar;

As a result of the government valuable paper production worth of 700 billion soums and 250 bln soums repayment of internal debt, the balance of remains on the government valuable papers increased to 450 billion soums. 

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