TASHKENT, Uzbekistan, December 6. Uzbekistan is
looking at a GDP growth of 6.6 percent by 2026, Trend reports via the
Ministry of Economy and Finance of Uzbekistan.
According to the draft budget law (Annex 2), GDP expansion is
expected to be driven by a 6.4 percent increase in industrial
output, 4.2 percent growth in agriculture, and a 14.5 percent
expansion of the services sector.
State budget revenues for 2026 are projected at 368.9 trillion
soums ($30.9 billion), while expenditures are set at 402.4 trillion
soums ($33.7 billion), including interbudgetary transfers. Revenues
of state targeted funds (excluding transfers) are estimated at 78.2
trillion soums ($6.6 billion), with expenditures amounting to 147.5
trillion soums ($12.4 billion).
The Pension Fund is expected to receive 64.7 trillion soums
($5.4 billion) in revenues, with expenditures of 86.1 trillion
soums ($7.2 billion) and a budgetary transfer of 23 trillion soums
($1.9 billion).
The draft budget sets the upper limit for the overall fiscal
deficit at 3 percent of GDP, or 59.9 trillion soums ($5 billion),
while the combined deficit of the state budget and targeted funds
is projected at 1.5 percent of GDP.
As of November 26, 2025, the official exchange rate set by the
National Bank of Uzbekistan stands at 1 USD = 11,936.89 soums.
