State Budget
This is defined as the centralized fund of financial resources of the state, outlining expected revenues and expenditures for a specific period.
The State Budget
These two broad categories make up the tax system in Uzbekistan.
State taxes and local taxes/fees
When state budget revenues exceed expenditures, the budget has this status
Surplus
This concept refers to balancing not the budget itself, but the overall economy
Economy balancing (not balancing the budget, but balancing the economy)
Uzbekistan's public debt reached this figure by the end of 2024
$40.2 billion
The state budget is divided into these two main parts.
Income (revenues) and expenses (expenditures)
Value Added Tax and Excise Tax fall under this category of taxes.
Indirect taxes
When state budget expenditures exceed revenues, the budget has this status.
Deficit
This curve illustrates the relationship between tax rates and tax revenues collected by the government.
The Laffer curve
Uzbekistan's public debt as a share of GDP at end of 2024 was this percentage
35% of GDP
These are the three main methods used to finance a state budget deficit
Money issue (printing money), internal debt, and foreign debt
Income tax on legal entities (profit tax) and personal income tax fall under this category.
Direct (correct) taxes
State debt is divided into these two types.
Internal debt and external debt
These are the three concepts of state budget balance status described in the presentation
Balancing per year; balancing according to phases of the economic cycle; balancing the economy (not the budget)
For 2025, the Uzbekistan government set this new borrowing limit.
$5.5 billion
This effect occurs when taxpayers deliberately delay paying taxes during periods of rising inflation
The Oliver-Tanzi effect
Property tax and land tax are classified as this type of local tax in Uzbekistan.
Local taxes and fees
If the rate of debt growth is lower than the rate of GDP growth, the debt is considered this.
Less risky
This external debt regulation measure involves a country selling certain rights to receive assistance from international financial organizations
Receiving assistance from international financial organizations (selling certain rights)
By end of 2025, Uzbekistan's public debt is projected to reach this amount and share of GDP.
$45.1 billion / 36.7% of GDP
These are the six main categories of state budget expenditures listed in the presentation
Current expenses; current budget transfers; capital expenditure; budget transfers for capital expenditure; budget loans; payments for state debt; other expenses
This tax is levied on individuals specifically for the use of gasoline, diesel fuel, and liquefied gas in vehicles
Tax levied on individuals for use of gasoline, diesel fuel and liquefied gas for vehicles
These four measures are used to regulate external debt
Using gold/currency reserves; creditors changing payment terms; paying off debts by selling certain rights; receiving assistance from international financial organizations
External debt accounts for this share of Uzbekistan's total public debt, and this specific amount in dollars
84% of total debt / $33.7 billion
Of Uzbekistan's $33.7bn external debt, this amount was at fixed rates and this amount at variable rates.
$17.9bn at fixed rates; $15.64bn at variable rates