Uzbekistan's total public debt reached $47 billion by the end of the first quarter of 2026, an increase of $4.4 billion compared to the same period last year. The majority of the debt continues to be external borrowings.
According to the Ministry of Economy and Finance, external debt amounts to $39.8 billion, while internal debt is $7.2 billion. A significant portion of the attracted funds was directed towards covering the budget deficit, as well as developing key economic sectors, including energy, transport, agriculture and water management, housing and communal services, education, and digital technologies.
International financial institutions remain among the country's largest creditors. Specifically, debt to the World Bank stands at $9.04 billion, and to the Asian Development Bank at $8.3 billion. The debt growth reflects the large-scale investment programs implemented in the country in recent years.
