At the end of the first quarter, gross domestic product increased by 8.7%, industrial output by 8.0%, services by 16.1%, and agriculture by 5.1%. Exports totaled $5.8 bn, while foreign investment reached $13.7 bn. Annual inflation declined to 7.1% for the first time.
As a result, budget revenues in January–March rose by 35% year-on-year to 103 trillion soums. An additional 2.2 trillion soums was generated in local budgets.
Importantly, 1.4 trillion soums of this amount remained at the disposal of districts and cities.
Next month, Uzbekistan plans for the first time to place 30% of state assets worth $2.4 bn on international capital markets. This process is linked to the establishment of the National Investment Fund and the transfer of management of 13 strategic enterprises to Franklin Templeton.
According to a recent report by the International Monetary Fund, Uzbekistan continues to maintain strong and resilient economic growth driven by high economic activity.
The President also highlighted another important achievement: this year the country climbed 14 positions in the Index of Economic Freedom and, for the first time, entered the group of moderately free economies.
This year, 140 trillion soums is being allocated through banks to support the development of small and medium-sized businesses. For example, every 1 billion soums in loans extended to small businesses created 20 permanent jobs in Shirin, 17 in Uchkuduk, 14 each in Khanabad and Sokh, and 13 in Tomdi District.
Sector officials were instructed to begin training district bankers in artificial intelligence and to launch an “AI Advisor” platform in banks. The platform is expected to analyze project parameters, risks, and market demand, providing entrepreneurs with ready-made solutions for obtaining loans.
Izoh qoldirish