BAKU, Azerbaijan, July 18. Uzbekistan has
developed a Fiscal Strategy for 2027–2029, outlining the main
directions of fiscal policy and providing a framework for the
preparation of the country’s medium-term budget planning.
This was reported in a statement published by the Ministry of
Economy and Finance of Uzbekistan.
"The document includes forecasts of key macroeconomic indicators
for the medium term, priority areas of fiscal policy, assessment of
fiscal risks, as well as preliminary forecasts of revenues and
expenditures of the consolidated budget of the Republic of
Uzbekistan," the ministry said.
The strategy sets out projections for major economic indicators,
budget revenues and expenditures, as well as measures aimed at
improving fiscal risk assessment and management.
According to the document, fiscal policy in the coming years
will focus on maintaining budget stability, improving public
financial management mechanisms and ensuring more effective
planning of state expenditures. The strategy also outlines
approaches to strengthening the revenue base of the state budget
and improving the efficiency of the allocation of public funds.
A separate focus of the document is maintaining public debt
sustainability. The strategy envisages monitoring debt indicators,
assessing potential fiscal risks and applying measures to ensure
balanced management of public finances.
The document also includes provisions related to increasing
transparency in budget processes, including the development of
public finance reporting mechanisms and improving access to
information on government revenues and expenditures.
The Fiscal Strategy will serve as a basis for preparing draft
state budget laws and budget execution reports for the 2027–2029
period. It is designed to align annual budget planning with
medium-term economic forecasts and fiscal policy priorities set by
the government.
