Embassy of the Republic of Uzbekistan in the Islamic Republic of Afghanistan

Ensuring sustainable public debt and macroeconomic stability in Uzbekistan

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Countries around the world are facing an economic crisis due to the Covid-19 pandemic. According to the International Monetary Fund, the global economy is expected to slow to 3.0 percent this year, the worst economic decline since the global depression.

Growth of external debt in connection with measures to mitigate the impact of the pandemic

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Recently, various, often mutually opposing opinions have begun to appear on social media regarding the growth of public debt in connection with external borrowings aimed at mitigating the effects of the pandemic. It should be noted that the concerns expressed by some authors regarding the growth of external debt are not new: these issues have been actively discussed, including in the media, throughout the last year.

Uzbekistan is ensuring social protection of the population amid COVID-19 outbreak

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A number of Presidential decrees adopted in Uzbekistan to address the social protection and the support of economy challenges amid coronavirus outbreak. Special Republican Commission for preventing the spread of coronavirus, headed by the Prime-Minister, from day one has been taking bold steps to contain the epidemic.

COVID-19: Uzbekistan introduces additional preferences for businesses

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Uzbekistan adopted additional measures to support businesses and people at times of pandemic. The decree was signed by the President of Uzbekistan Shavkat Mirziyoyev on May 18.

60 self-employed occupations in Uzbekistan are exempted from income tax

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Uzbek government is continuing to support business. For the last two months, the country has adopted 12 Presidential decrees to mitigate the impact of pandemic on the well-being of people and the economy. As a result, more than 500 thousand businesses and 8 million citizens received preferences totaling 30 trillion soums.