Uzbekistan’s state budget deficit reached 36 trillion UZS in nine months of 2024 – ministry

The consolidated budget's revenues totaled 272.1 trillion UZS, while expenditures reached 307.9 trillion UZS, resulting in a deficit of 35.8 trillion UZS — equivalent to 2.5% of the nation’s GDP. For comparison, the approved annual deficit for 2024 was set at 52.6 trillion UZS.

State budget revenues increased by 19.1% year-on-year, amounting to 193.6 trillion UZS. The main sources of income included:

• Direct taxes: 64.1 trillion UZS
• Indirect taxes: 62.3 trillion UZS
• Resource payments and property taxes: 26.5 trillion UZS
• Other revenues: 40.7 trillion UZS

On the expenditure side, the state budget allocated 219.3 trillion UZS, marking an 8.9% rise compared to the same period last year. Key expenditure categories were:

• Wages: 71 trillion UZS
• Subsidies: 19.8 trillion UZS
• Social benefits: 13.6 trillion UZS
• Transfers: 23.4 trillion UZS
• Purchases of goods and services: 18 trillion UZS

Local budgets faced a collective deficit of 19.9 trillion UZS. Andijan region recorded the highest shortfall at 2.12 trillion UZS, followed by Fergana (1.96 trillion UZS) and Namangan (1.83 trillion UZS). Conversely, the Navoi region experienced the smallest deficit at 581 billion UZS.

To address these gaps, inter-budgetary transfers were provided, with the Andijan region receiving the largest allocation (1.68 trillion UZS), followed by the Republic of Karakalpakstan (1.66 trillion UZS) and Namangan region (1.62 trillion UZS).

From January to September, direct subsidies from the state budget totaled 19.8 trillion UZS. Key allocations included:

• Natural gas subsidies: 9.5 trillion UZS to cover market price differences
• Heating enterprises: 2.5 trillion UZS for operational losses
• Private preschools: 2.44 trillion UZS
• Housing subsidies: 914 billion UZS
• Public transportation: 798 billion UZS

Additionally, funds were directed towards supporting geological exploration, agriculture, and electric passenger train operations. The planned subsidy budget for 2025 stands at 28.3 trillion UZS.