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Finance
30/09/2013
Saidova: Public internal debt is equal to zero
Saidova: state internal debt is equal to zero
Tashkent, Uzbekistan (UzDaily.com) --
Public internal debt of Uzbekistan almost is equal to zero, Minister of Economy of the country Galina Saidova said last week at the forum of the creditors of the project “Production of synthetic liquid fuel on the base of cleaned methane of Shortan gas-chemical complex.
She said that this means that the Government of Uzbekistan has no debt before the Central Bank of Uzbekistan and population of the country.
As of 1 January 2013, the external debt of Uzbekistan did not exceed 16% to GDP. This is one of the lowest figure among the countries of the world.
She said that in last five years gold-currency reserves of the country rose over 6 times.
First deputy Prime-Minister of the Republic of Uzbekistan - Minister of Finance Rustam Azimov said that the gold-currency reserves for last eight years increased 10 times.
He said that the gold-currency reserve currently makes up 16-month import of Uzbekistan. He added that the gold-currency reserves of the countries should be equal to three-month import in line with the IMF standards.
Share of investments in GDP of Uzbekistan made up 25%. Uzbekistan has regulated and controlled inflation, which is between 6% and 8%.
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