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Uzbekistan looking to increase GDP and industrial production in 2022

Uzbekistan Materials 27 January 2022 10:39 (UTC +04:00)
Uzbekistan looking to increase GDP and industrial production in 2022

BAKU, Azerbaijan, Jan.27

By Natavan Rzayeva - Trend:

Uzbekistan intends to increase its GDP up to $100 billion, as well as industrial production by 1.4 times in 2022, Trend reports via Uzbek media outlets.

In this regard, the President of Uzbekistan Shavkat Mirziyoyev held a meeting with the heads of economic structures and municipalities of Uzbekistan.

During the meeting the president of Uzbekistan set a number of goals:

- to increase GDP up to $100 billion, industrial production by 1.4 times, and reduce poverty by at least 2 times;

- to keep the inflation rate at the level of 9 percent;

- ensure the guaranteed provision of loans in the amount of 10 trillion soums ($920.6 million) within the framework of family business programs

- not exceed the budget deficit by more than 3 percent of GDP;

- to increase the income of farmers by at least 2 times and achieve at least 5 percent annual growth in the agricultural sector.

- to attract $120 billion to the economy in the next five years, including $70 billion of foreign investment

- to increase exports to $30 billion.

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Follow the author on Twitter: @NatavanRzayeva5

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