Interest payments on Uzbekistan's external debt are rising sharply

Interest payments on Uzbekistan's external debt are rising sharply

In the first quarter of 2025, our country's gross external debt reached $68.4 billion. ) Of this, public external debt is $35.8 billion, and private (corporate) external debt is $32.6 billion.

According to the analysis of economist Mirkomil Kholbov, https://t.me/Mirkonomika/2335, in the first quarter of this year, total interest payments on gross external debt amounted to $881 million, an increase of 12.4% or $98 million compared to the same period in 2024. Compared to the fourth quarter of 2024, interest payments increased by $25.3 million.

It should be noted that in 2024, total external debt increased by $10.8 billion. This is the highest growth rate since 2013, when statistics began to be kept. The last time the country's external debt increased at such a high rate was in 2020 ($9.2 billion) and 2023 ($9.8 billion) during the pandemic.