“We need to reduce all our expenses” - Minister Ishmetov speaks about economy of Uzbekistan

Due to global instability, the cost of borrowing in the world has increased, and the financial buffer of Uzbekistan has become limited. The budget deficit is increasing. The Minister of Finance explained that the current situation requires focusing on inflation, reducing budget expenditures and attracting more private funds. “If we delay reforms, economic growth cannot be maintained,” he said.