The fiscal strategy of the Republic of Uzbekistan for 2025-2027 has been developed
2024-06-26 11:00:00 / News of ministry
In accordance with Article of the Budget Code of the Republic of Uzbekistan, the Ministry of Economy and Finance has developed the fiscal strategy of the Republic of Uzbekistan for 2025-2027, which has been approved by the Cabinet of Ministers of the Republic of Uzbekistan.
This document contains forecasts of macroeconomic indicators for the near medium term, main directions of fiscal policy, assessments of fiscal risks, forecasts of revenues and expenditures of the consolidated budget of the Republic of Uzbekistan, and others.
In line with the "Uzbekistan – 2030" strategy, which aims to conduct flexible fiscal policy in response to external and internal impacts to ensure long-term sustainable economic growth, the main goals for the medium and long term have been identified as:
- Achieving upper-middle-income status through sustainable economic growth;
- Keeping the deficit of the consolidated budget no more than 3% of GDP;
- Ensuring that the ratio of public debt to GDP does not exceed 50%;
- Reducing the share of the "shadow economy";
- Gradually transitioning to “performance-oriented budgeting”;
- Harmonizing tax and customs legislation and subsidies and privileges granted to various economic sectors with WTO requirements;
- Maintaining the social focus of state budget expenditures.
Additionally, this fiscal strategy will serve as the basis for the state budget and budget program for 2025-2027.
The file can be downloaded from the link below: https://shorturl.at/cJ3Fe
Information Service
Ministry of Economy and Finance