Uzbekistan’s State Budget Revenues Surge by 35% in Q1 2026
Uzbekistan’s state budget has demonstrated robust growth at the start of 2026. According to a first-quarter report published by the Centre for Economic Research and Reforms (CERR), budget revenues reached 103 trln soum ($8.57 bn) by early April, representing a massive 35% increase compared to the same period last year.
Tax collection remains the cornerstone of the nation’s financial stability. During the first quarter tax revenues injected 63.6 trln soum ($5.29 bn) into the state coffers, marking a 24% jump year-on-year. A strengthening foreign trade sector also positively influenced the national statistics as customs duties rose to 19.4 trln soum ($1.61 bn) compared to 16.2 trln soum ($1.35 bn) in the first quarter of 2025.
Regional development received a significant boost thanks to an increase in funds available to local authorities. The total resources at the disposal of local budgets grew by 21% to reach 2.2 trln soum ($183.03 mln). The largest share of this capital was concentrated in the capital city, with Tashkent accounting for 858 bn soum ($71.38 mln). The Fergana and Samarkand regions led the provinces with 243 bn soum ($20.22 mln) and 210 bn soum ($17.47 mln) respectively. Meanwhile the local budgets for the Tashkent and Bukhara regions were bolstered by 157 bn soum ($13.06 mln) and 132 bn soum ($10.98 mln).
Privatisation initiatives and land sales proved to be vital sources of income for local finances, collectively generating 572 bn sum ($47.59 mln) for the regions. Furthermore an additional 1.1 trln soum ($91.51 mln) was directly allocated to the territories from the central state treasury, highlighting the government’s ongoing commitment to balanced economic expansion across the republic.
