Uzbekistan's state debt reached 47 billion dollars in the first quarter of 2026.

According to data from the Ministry of Economy and Finance, as reported, Uzbekistan's state debt reached $47 billion by the end of the first quarter of 2026. Of this, $39.8 billion, or 85%, constitutes external debt, while $7.2 billion, or 15%, accounts for internal debt.

 

According to the ministry's analysis, the primary share of the increase in state debt was due to external debts. Over the course of one year, the volume of external debt increased by $4.2 billion.

 

$19.7 billion of the state's external debt was spent on covering the budget deficit. The remaining funds were allocated to a number of sectors.

 

Specifically, $5.6 billion was allocated to the fuel and energy industry, $3 billion to the transport sector, $3.3 billion to agriculture and water management, and $3.2 billion to housing and communal services. A total of $3.6 billion was directed to healthcare, education, information and communication technologies, and other areas.

 

Additionally, $624 million was attracted to support entrepreneurship, and $607 million for the development of the chemical industry.

 

$22.3 billion, or 56%, of the state's external debt was obtained from international financial institutions. Among them, the World Bank is Uzbekistan's largest creditor, with an outstanding debt balance of $9.04 billion. The volume of funds attracted from the Asian Development Bank reached $8.3 billion.

 

Furthermore, Uzbekistan's debt to the Asian Infrastructure Investment Bank amounts to $2.3 billion, while its obligations to the Islamic Development Bank stand at $1.1 billion.

 

Another $11.6 billion, or 29%, of the external debt was obtained from financial institutions of foreign governments. In particular, $3.9 billion was attracted from Chinese financial organizations, and $3.1 billion from the Japan International Cooperation Agency and other Japanese institutions.

 

Additionally, $5.8 billion was raised from investors through government-issued bonds.

 

Earlier, the Central Bank reported that, according to the results of 2025, Uzbekistan's gross external debt exceeded $82 billion. Of this amount, $40.5 billion falls on the public sector, while $41.7 billion falls on banks and enterprises.