Macro Analysis /

Uzbekistan: Budget 2022 allows for consolidation, implementation will be key

  • Headline deficit set at 3% of GDP, down from 5.5% of GDP this year

  • Public debt payments rise to UZS 14.3tn, external sources to account for bulk of financing needs

  • Authorities seem committed to fiscal prudence, mid-term stabilisation conditional on implementation of new fiscal rule

Metodi Tzanov
20 December 2021