IMF: Uzbekistan’s national debt at the end of 2023 to reach US$31.7 billion.

Tashkent, Uzbekistan (UzDaily.com) -- The total public debt of Uzbekistan at the end of 2023 will be US$31.7 billion, according to data from the International Monetary Fund (IMF).

The public debt to GDP of Uzbekistan is 35.1%, the IMF notes.

According to IMF forecasts, by the end of 2023, the total volume of global public debt will increase to US$97.1 trillion, which is 40% more than the pre-Covid 2019 level.

More than a third of the global total is accounted for by the US national debt, which amounts to US$33.2 trillion.

The world’s third largest economy, Japan has one of the highest debt-to-GDP ratios at 255%.

The total public debt of Russia is US$394.8 billion (public debt to GDP - 21.2%), Kazakhstan - US$60.7 billion (23.4%), Kyrgyzstan - US$6 billion (47%), Tajikistan - US$4 billion (33 .5%) and Turkmenistan – US$4.2 billion (5.1%).

The IMF projects that global government debt will exceed 100% of GDP by 2028, reaching levels only seen during the pandemic.