IMF recommends budget spending caps and tax reforms for Uzbekistan

The International Monetary Fund (IMF) has released a staff mission statement providing a comprehensive set of recommendations to ensure the long–term fiscal stability of Uzbekistan. While praising the reduction of the budget deficit in 2025, the fund emphasized the need for cautious fiscal management in 2026 to mitigate inflationary pressures caused by high domestic demand, elevated oil prices, and global trade disruptions.

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