Below the chairmanship of Uzbek President Shavkat Mirziyoyev, an expanded assembly was held to assessment the anticipated outcomes of financial growth within the present yr and the principle macroeconomic indicators for 2026.
In January-September of this yr, Uzbek economic system grew by 7.6 p.c, which considerably exceeds the forecast indicators. Industrial manufacturing elevated by 6.8 p.c, development by 14.2 p.c, companies by 14 p.c, and agriculture by 4.1 p.c.
Gold and overseas trade reserves grew by 35 p.c in comparison with final yr and reached $55 billion. Respected worldwide score companies extremely admire the financial prospects of our nation. For instance, Fitch Scores raised Uzbekistan's sovereign score by one notch for the primary time, whereas Moody's and S&P International modified their outlook from “steady” to “constructive.”
– Most significantly, the outcomes achieved serve to enhance the well-being of the individuals, – famous the Head of State.
Family incomes elevated by 18.4 p.c, deposits by 35.3 p.c, and common wages by 19.2 p.c. Surveys present that confidence among the many inhabitants and companies is rising, and alternatives for employment and revenue progress are increasing.The Uzbek President pressured that sustaining excessive progress charges till the tip of the yr and bringing GDP to greater than $135 billion is likely one of the primary duties of the financial complicated.The assembly, held in a crucial spirit, reviewed the principle plans for the approaching yr.
Officers reported that in 2026, it's deliberate to make sure financial progress of 6.6 p.c, convey GDP to greater than $150 billion, inject not less than 400 trillion soums from all sources into the economic system, and preserve inflation under 7 p.c.
The President famous that every one the mandatory alternatives and situations are in place to realize these objectives, figuring out vital points that require elevated consideration from the heads of ministries, industries, and areas.
The draft price range for 2026 supplies for the preservation of present tax charges. It was emphasised that in these situations, it's essential to persistently enhance price range revenues and set up strict management over the efficient use of price range funds.
The Uzbek President famous, subsequent yr, price discount and effectivity enchancment would be the primary standards for the work of managers in any respect ranges.
Particular duties had been set to scale back prices and enhance competitiveness in strategic industries, develop personal sector participation, streamline the dividend coverage of state-owned enterprises, analyzing the effectiveness of subsidies and advantages with the cancellation of ineffective ones, decreasing the share of the shadow economic system, and growing the income base of district and metropolis budgets.
It was famous that it's essential to speed up the implementation of initiatives involving funds from worldwide monetary establishments and to maneuver to a system whereby new initiatives will solely be financed after the completion of present ones.
An instruction was given by the Uzbek President to switch half of the balances of extrabudgetary funds of ministries and departments to a particular fund and use these funds for the development of faculties and the event of healthcare, in accordance with an official assertion.
