Uzbekistan’s 2025 budget outlines a carefully controlled approach to managing inflation, aiming to bring it down from 12.3% in 2022 to between 5% and 6% by 2026-2027. This decrease is designed to stabilize prices, protect purchasing power, and foster a stable economic environment for both households and businesses.
According to the budget document, “Uzbekistan’s inflation rate is projected to be around 9% in 2024, decrease to 7% by 2025, and reach 5% by 2027." To meet these targets, the government will employ a range of measures, including tight monetary policies and a budget deficit limit set to no more than 3% of GDP. These policies are complemented by strategies to increase revenue, focusing on more efficient tax collection and economic reforms to reduce inflationary pressures.
The reduction in inflation will benefit consumers and businesses alike. As inflation levels fall, the purchasing power of citizens is expected to improve, which will elevate living standards and make essential goods and services more accessible. The inflation control strategy also aims to create a predictable business environment, reducing inflation risks that may otherwise hinder domestic and foreign investment. This ambitious target highlights Uzbekistan’s commitment to economic resilience, ensuring sustainable growth as part of its 2025 state budget.
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