Tashkent, Uzbekistan (UzDaily.com) -- The state debt of Uzbekistan attracted under state guarantees in external and internal markets, as of 1 January 2021, made up US$23.3 billion or 40.4% of GDP. This was reported by the Ministry of Finance of Uzbekistan.

The public debt of Uzbekistan as of 1 January 2020 reached US$17.8 billion or 30.8% of GDP.

Uzbekistan’s external debt is US$21.1 billion or 36.5% of GDP. The growth was 34.4%. Of this amount, US$15.1 billion (71.4%) is debt raised on behalf of the government, US$6 billion (28.6%) is guaranteed by Uzbekistan.

Domestic debt increased by 5.4% to 23.3 trillion soums (US$2.2 billion) or 3.9% of GDP.

In particular, Uzbekistan’s debt to the Asian Development Bank is US$5 billion, the World Bank is US$3.7 billion, the China Export-Import Bank is US$2.2 billion, the Japan International Cooperation Agency is US$1.9 billion, the Chinese State Development Bank and others - US$2 billion, the Islamic Development Bank - US$0.9 billion and other international financial institutions - US$2.4 billion

According to the Ministry of Finance, 70% of Uzbekistan’s external debts were attracted in US dollars, 11.3% in Japanese yen, 9.5% in SDRs, 5.1% in euros and 4.1% in other currencies.

At the same time, 12.4% of the attracted funds (US$2.6 billion) were directed to the development of energy, 13.7% (US$2.9 billion) - to the development of the electric power industry, 11.5% (US$2.4 billion) - to the development of transport infrastructure and 11% (US$2.3 billion) for the development of the housing and utilities sector.

In the reporting period, Uzbekistan allocated US$3.7 billion to support the budget (17.5% of the funds raised).

In 2020, Uzbekistan allocated US$1.1 billion to service external debts: US$656.5 million in debt and US$405.1 million in interest on attracted loans. At the same time, US$315.9 million was allocated from the state budget.

Uzbekistan also sent US$666.9 million to service its domestic debt: US$515.5 million in debt and US$151.4 million in interest.