Fiscal Balance in Uzbekistan
Uzbekistan - Fiscal BalanceGrowth remained sturdy in January–November, supported by robust retail sales and a solid increase in industrial production which came largely on the back of soaring mining and quarrying output. Furthermore, healthy demand for real estate propped up strong construction activity growth in the same period. However, the external sector’s performance remained downbeat in January–November, partly as a result of subdued exports of precious metals. Meanwhile, on 21 December, Fitch Ratings assigned Uzbekistan a BB- sovereign credit rating with a stable outlook. The agency highlighted the strong external balance sheet, stable financial sector and low public indebtedness as the country’s main strengths. Furthermore, S&P Global Ratings also recently assigned a sovereign credit rating to Uzbekistan, giving the country BB- with a stable outlook.
Uzbekistan - Fiscal Balance Data
|Fiscal Balance (% of GDP)||0.3||0.2||0.1||0.1||0.1|
5 years of economic forecasts for more than 30 economic indicators.
Uzbekistan Fiscal Balance Chart
Source: Ministry of Finance of the Republic of Uzbekistan
|Exchange Rate||8,356||0.0 %||Jan 16|
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