Azernews.Az

Thursday December 26 2024

Uzbekistan’s gross external debt forecasted to reach USD 28.3 bln by year end

26 March 2021 15:37 (UTC+04:00)
Uzbekistan’s gross external debt forecasted to reach USD 28.3 bln by year end

By Trend

Uzbekistan’s gross external debt is projected to reach $28.3 billion (45.3% of GDP) by the end of 2021, Trend reports citing Kabar.

According to the Ministry of Finance, despite the growth dynamics, the public debt remains moderate, at a level safe for macroeconomic stability.

It is noted that in 2020 the growth of public debt was due to the attraction of external borrowings to finance additional budget expenditures to overcome the negative consequences of the COVID-19 pandemic.

This year, the net maximum volume of newly signed agreements on attracting internal and external borrowings on behalf of the state and under the guarantees of the republic should not exceed $5.5 billion.

---

Follow us on Twitter @AzerNewsAz

Here we are to serve you with news right now. It does not cost much, but worth your attention.

Choose to support open, independent, quality journalism and subscribe on a monthly basis.

By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more