Uzbekistan’s Budget Deficit Expands Over First Three Months of 2024

According to information provided by the Ministry of Economy and Finance of Uzbekistan for January of this year, federal budget revenues amounted to 16.160 trillion som ($ 1.275 billion), and expenses amounted to 21.927 trillion sum ($1.728 billion), leaving the negative difference between revenues and expenditure at 5.767 trillion sum ($454.5 million). In February, state budget revenues were 16.909 trillion sum ($1.333 billion), and expenses were 24.137 trillion sum ($1.902 billion), a negative balance of 7.228 trillion sum ($569.7 million). In March, state budget revenues were 17.457 trillion sum  ($1.376 billion), and expenses were 24.307 trillion sum ($1.916 billion), with a monthly deficit of 6.850 trillion sum ($539.9 million). In total, the state budget deficit for the past three months amounted to 19.885 trillion sum ($1.567 billion).

President Writes-Off Debts of Tajiktransgaz

The Tax Service of Tajikistan has found that firms and enterprises have debts to the state amounting to over 900 million somoni ($82.5 million). But this notwithstanding, the government has written-off more than 202 million somoni of debts and fines owed by the company, Tajiktransgaz, cancelling debts of 144 million somoni, and fines of 58 million. Tajiktransgaz is currently an open joint stock company, which was founded in 1959 for the mass supply of liquefied natural gas to the population of Tajikistan. According to the company, Tajiktransgaz does not have the resources to pay.