Measures to maintain and support economic growth were discussed
Economy
President Shavkat Mirziyoyev was briefed on measures to ensure projected economic indicators for the first quarter of 2026 and mitigate the negative impact of global market instability on the national economy.
In the first two months of this year, industry grew by 7.7 percent, services by 15.4 percent, exports amounted to $3.5 billion, and $8.3 billion in foreign investment was attracted.
Since the beginning of the year, an additional 2.3 trillion soums and $500 million have been allocated from the national budget for the socioeconomic development of nine regions. A total of 3.9 trillion soums have been allocated to local budgets for 33 districts and 330 mahallas representing the "New Uzbekistan" model. A total of 3.9 trillion soums has been allocated for 37 challenging districts and 903 mahallas, along with 1.3 trillion soums from local budgets. In the first phase, 1 trillion soums has been allocated for the implementation of 283 "driver" projects.
By the end of the year, a total of 1.2 trillion soums will be allocated for infrastructure development projects on busy streets, coastal, and roadside areas, 450 billion soums for improving the infrastructure of 150 mahallas with high tourism potential, and 150 billion soums for the creation of 50 industrial micro-centers in 400 mahallas.
At the same time, it was emphasized that the rapidly deteriorating international situation is placing additional pressure on the stability of economic sectors, foreign trade routes, and import prices. It was stated that in such circumstances, the leaders of each industry and region must assess the situation in advance and act proactively based on various scenarios.
The importance of maintaining inflation within 6-6.5 percent this year was emphasized.
In particular, it was noted that the sharp rise in global oil prices is impacting the cost of transportation services and petrochemical products, with rising prices also observed for polyethylene and polypropylene. In this regard, the task was set to take prompt measures to import essential food products, resolve transport and logistics issues, and utilize alternative routes.
Along with this, the importance of promptly resolving entrepreneurs' problems related to raw materials, sales markets, and loans was emphasized.
It was noted that one of the main issues raised by exporters is transportation and logistics, with serious concerns being raised about disruptions in export cargo shipments and rising prices due to current global events.
In this regard, measures were instructed to strengthen close cooperation with neighboring countries on transport and trade issues, organize food exports by air, and introduce preferential tariffs for entrepreneurs.
The issue of foreign investment was also discussed in depth. It was noted that the tense international situation could impact the implementation of individual projects. In this regard, the task of continuously analyzing each ongoing project and establishing daily dialogue with investors was set.
The dynamics of loans allocated to support businesses in the banking and financial sector were also reviewed.
The head of state emphasized that, despite the positive trend, no leader can afford to relax. He emphasized the need, in the current challenging situation, to proactively identify risks, work based on clear plans to minimize them, and promptly resolve emerging issues in industries and regions without waiting for them to worsen.
Responsible officials were given specific instructions to curb inflation, ensure industrial and export performance, accelerate the implementation of investment projects, and address potential problems in the banking system and construction programs.
Since the beginning of the year, an additional 2.3 trillion soums and $500 million have been allocated from the national budget for the socioeconomic development of nine regions. A total of 3.9 trillion soums have been allocated to local budgets for 33 districts and 330 mahallas representing the "New Uzbekistan" model. A total of 3.9 trillion soums has been allocated for 37 challenging districts and 903 mahallas, along with 1.3 trillion soums from local budgets. In the first phase, 1 trillion soums has been allocated for the implementation of 283 "driver" projects.
By the end of the year, a total of 1.2 trillion soums will be allocated for infrastructure development projects on busy streets, coastal, and roadside areas, 450 billion soums for improving the infrastructure of 150 mahallas with high tourism potential, and 150 billion soums for the creation of 50 industrial micro-centers in 400 mahallas.
At the same time, it was emphasized that the rapidly deteriorating international situation is placing additional pressure on the stability of economic sectors, foreign trade routes, and import prices. It was stated that in such circumstances, the leaders of each industry and region must assess the situation in advance and act proactively based on various scenarios.
The importance of maintaining inflation within 6-6.5 percent this year was emphasized.
In particular, it was noted that the sharp rise in global oil prices is impacting the cost of transportation services and petrochemical products, with rising prices also observed for polyethylene and polypropylene. In this regard, the task was set to take prompt measures to import essential food products, resolve transport and logistics issues, and utilize alternative routes.
Along with this, the importance of promptly resolving entrepreneurs' problems related to raw materials, sales markets, and loans was emphasized.
It was noted that one of the main issues raised by exporters is transportation and logistics, with serious concerns being raised about disruptions in export cargo shipments and rising prices due to current global events.
In this regard, measures were instructed to strengthen close cooperation with neighboring countries on transport and trade issues, organize food exports by air, and introduce preferential tariffs for entrepreneurs.
The issue of foreign investment was also discussed in depth. It was noted that the tense international situation could impact the implementation of individual projects. In this regard, the task of continuously analyzing each ongoing project and establishing daily dialogue with investors was set.
The dynamics of loans allocated to support businesses in the banking and financial sector were also reviewed.
The head of state emphasized that, despite the positive trend, no leader can afford to relax. He emphasized the need, in the current challenging situation, to proactively identify risks, work based on clear plans to minimize them, and promptly resolve emerging issues in industries and regions without waiting for them to worsen.
Responsible officials were given specific instructions to curb inflation, ensure industrial and export performance, accelerate the implementation of investment projects, and address potential problems in the banking system and construction programs.
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