Tashkent, Uzbekistan (UzDaily.com) -- The state debt of Uzbekistan as of 1 October 2021 reached US$25.2 billion, or 38.4% of the gross domestic product (GDP). This was reported by the Ministry of Finance of Uzbekistan.

According to the Ministry of Finance, Uzbekistan’s public debt increased by US$1.1 billion compared to the previous quarter.

Public external debt compared to the previous quarter increased by about US$939.8 million and amounted to US$22.7 billion (34.4% of GDP).

At the same time, the debt raised on behalf of the government is US$16.3 billion and under the guarantee of Uzbekistan - US$6.4 billion.

The Ministry of Finance notes that the state domestic debt increased by US$173.6 million and amounted to US$2.6 billion (4% of GDP). The volume of government securities is 4 trillion soums and domestic debt under state guarantees - US$2.2 billion.

The volume of funds from international financial organizations attracted by Uzbekistan is US$10.2 billion (45% of Uzbekistan’s external debt).

In particular, Uzbekistan’s debt to the Asian Development Bank is US$5.1 billion, the World Bank - US$3.9 billion, the China Export-Import Bank - US$2 billion, the Japan International Cooperation Agency - US$2.1 billion, the China State Development Bank and others - US$2.2 billion, the Islamic Development Bank - US$0.9 billion and other international financial institutions - US$2.3 billion

According to the Ministry of Finance, 70.5% of Uzbekistan’s external debts were attracted in US dollars, 11.2% in Japanese yen, 8.8% in SDRs, 4.7% in euros, 1.9% in soums and 3 % - in other currencies.

In the reporting period, Uzbekistan allocated US$5.6 billion to support the budget (24.5% of the funds raised).

At the same time, 13.6% of the attracted funds (US$3.1 billion) were directed to the development of the electric power industry, 12.3% (US$2.8 billion) - to the development of the energy sector, 11.3% (US$2.6 billion) - to the development of transport infrastructure and 8.9% (US$2 billion) for the development of the housing and utilities sector.

Another US$1.2 billion was directed to the banking sector, US$1.2 billion to the chemical industry, US$0.7 billion to education and medicine, and US$0.2 billion to telecommunications.

For nine months of 2021, Uzbekistan directed US$1.64 billion to service external debts: US$613.7 million in debt and US$338.1 million in interest on attracted loans. At the same time, US$680 million has been allocated from the state budget to service debts.

Uzbekistan also allocated US$693.6 million to service its domestic debt: US$575.8 million in debt and US$117.7 million in interest.