PUBLIC DEBT MANAGEMENT AND SUSTAINABILITY IN UZBEKISTAN

Authors

  • Mavlonov Sunnatbek Xamza oʻgʻli Second-year master’s student of Tashkent State University of Economics

Keywords:

public debt, debt management, external debt, debt sustainability, macroeconomics, financial security, Uzbekistan, fiscal policy, economic stability, debt servicing.

Abstract

This article examines the issues of effective public debt management in the Republic of Uzbekistan, as well as its impact on the country's macroeconomic stability. An analysis of the current state of public debt, its structure, and its dynamics in recent years has been conducted. Particular attention is paid to external debt, its servicing mechanisms, and the risks associated with its growth. The article also explores international approaches to debt management and the possibilities of adapting them to national practice. Recommendations are proposed to improve debt management strategies aimed at ensuring long-term debt sustainability and economic security of Uzbekistan.

References

1. Mirziyoyev, Sh.M. Development Strategy of New Uzbekistan and the Concept of Human Dignity. Tashkent, 2022.

2. Mustapha, S., Prizzon, A. Debt Sustainability and Debt Management in Developing Countries. Overseas Development Institute, 2015.

3. Guzman, M. Definitional Issues in the IMF Debt Sustainability Analysis Framework. Policy Brief, 2016.

4. Makun, K. External Debt and Economic Growth in Pacific Island Countries. Journal of Economic Asymmetries, 2021.

5. Qureshi, I., Liaqat, Z. The Long-Term Consequences of External Debt. Journal of Macroeconomics, 2020.

6. International Monetary Fund (IMF). Public Debt Management Guidelines.

7. World Bank. Debt Sustainability Framework (DSF).

8. INTOSAI. ISSAI 5411: Guidelines on Public Debt.

9. Presidential Decrees and Resolutions of the Republic of Uzbekistan (Development Strategy 2022–2026).

10. World Bank Open Knowledge Repository: https://openknowledge.worldbank.org

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Published

2026-04-13

How to Cite

PUBLIC DEBT MANAGEMENT AND SUSTAINABILITY IN UZBEKISTAN. (2026). ACUMEN: INTERNATIONAL JOURNAL OF MULTIDISCIPLINARY RESEARCH, 3(4), 346-352. https://universalpublishings.com/index.php/aijmr/article/view/17703