This article analyzes the sharp increase in Uzbekistan's publicdebt during the 2019–2025 period within the framework of the "developmentthrough external debt" strategy. Based on official data, the author substantiatesthat by the beginning of 2026, Uzbekistan's total debt reached $46.8 billion, with85% ($39.8 billion) being external debt. The article highlights that 50% of theborrowed funds were allocated to budget support, 14% to the development ofthe energy sector, and provides data on the major creditors. Although a 32.8%growth in the country's export volume and a 1.7-fold increase in foreign directinvestment ensure debt sustainability, currency risk (64% of the debt is in USD)and the lack of transparency in quasi-public debt are assessed as the primaryrisks. Furthermore, while the public debt-to-GDP ratio (≈32%) remainsmanageable, practical proposals have been developed regarding open reportingon the country's external debt and directing debt funds exclusively toward highyieldprojects.
| Mualliflar | Maxmudov J |
|---|---|
| Jurnal | Management and Economics Scientific Research Journal |
| Nashriyot | Тошкент менежмент ва иқтисодиёт институти |
| Nashr sanasi | 2026-05-21 |
| Jild | 3 |
| Son | 3 |
| Betlar | 450-458 |
| Til | O‘zbek |
| Ilmiy soha | Iqtisodiyot |
| Indeksga qo‘shilgan | 2026-10-11 |
Davlat qarzi, tashqi qarz, ichki qarz, o‘sish dinamikasi, kreditorlar, Jahon banki, Osiyo taraqqiyot banki, byudjet taqchilligi, infratuzilma investitsiyalari, valyuta tarkibi, kvazi-davlat qarzi, umumiy tashqi qarz, joriy hisob, eksport o‘sishi, xorijiy investitsiyalar, iqtisodiy barqarorlik, O‘zbekiston iqtisodiyoti.
| APA | Maxmudov J (2026). O‘ZBEKISTONNING “TASHQI QARZ ORQALI RIVOJLANISH STRATEGIYASI”. Management and Economics Scientific Research Journal, 3(3), 450-458. https://journals.timeedu.uz/index.php/mesr/article/view/172 |
|---|---|
| GOST (OAK) | Maxmudov J O‘ZBEKISTONNING “TASHQI QARZ ORQALI RIVOJLANISH STRATEGIYASI” // Management and Economics Scientific Research Journal. – 2026. – T. 3, № 3. – B. 450-458. |
| MLA | Maxmudov J. “O‘ZBEKISTONNING “TASHQI QARZ ORQALI RIVOJLANISH STRATEGIYASI”.” Management and Economics Scientific Research Journal, 3(3), 450-458, 2026. https://journals.timeedu.uz/index.php/mesr/article/view/172 |
| Chicago | Maxmudov J. “O‘ZBEKISTONNING “TASHQI QARZ ORQALI RIVOJLANISH STRATEGIYASI”.” Management and Economics Scientific Research Journal, 3(3), 450-458 (2026). https://journals.timeedu.uz/index.php/mesr/article/view/172 |
| Harvard | Maxmudov J (2026) ‘O‘ZBEKISTONNING “TASHQI QARZ ORQALI RIVOJLANISH STRATEGIYASI”’, Management and Economics Scientific Research Journal, 3(3), 450-458. https://journals.timeedu.uz/index.php/mesr/article/view/172 |
| BibTeX | @article{maxmudovj2026,
title = {O‘ZBEKISTONNING “TASHQI QARZ ORQALI RIVOJLANISH STRATEGIYASI”},
author = {Maxmudov J},
journal = {Management and Economics Scientific Research Journal},
year = {2026},
volume = {3},
number = {3},
pages = {450-458},
url = {https://journals.timeedu.uz/index.php/mesr/article/view/172}
} |
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