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Economy 12/11/2024 Uzbekistan to allocate 12.3 trillion soums for gas and electricity subsidies in 2025

Uzbekistan to allocate 12.3 trillion soums for gas and electricity subsidies in 2025

Tashkent, Uzbekistan (UzDaily.com) — The government of Uzbekistan will continue subsidizing the prices of gas, electricity, and heating. This is outlined in the draft budget message for 2025-2027 and the draft state budget for the next year.

For 2025, it is planned to allocate 12.3 trillion soums from the state budget to cover the difference between the market price of gas and electricity production or procurement and their retail prices in the domestic market, as well as to subsidize heating supply organizations.

In 2023, 19.7 trillion soums were allocated for these purposes, while 16.2 trillion soums are planned for 2024.

As part of joint projects with foreign partners, Uzbekistan has purchased gas intended for export at export prices and supplied it to the domestic market.

Despite expected tariff increases in 2023-2024 and from April 1, 2025, the planned allocation for covering the price difference for gas in 2025 is 7 trillion soums (compared to 9.5 trillion soums in 2024), for electricity—0.5 trillion soums (compared to 2.5 trillion soums in 2024), and for heating supply organizations—4.8 trillion soums (compared to 4.2 trillion soums in 2024).
It is forecasted that the total subsidy amount will decrease to 11 trillion soums in 2026, but will increase again to 11.6 trillion soums in 2027.

Additionally, 900 billion soums are expected to be allocated for geological exploration in 2025 (the same as in 2024), and 170 billion soums (up from 150 billion soums in 2024) for compensating farmers' electricity costs.

To cover the electricity costs for pumping stations, 6.8 trillion soums are planned (compared to 7.1 trillion soums in 2024).
 

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