President reviews 2027 budget parameters: economic growth of 7%, inflation down to 6%, deficit up to 3% of GDP

On November 13, Shavkat Mirziyoyev reviewed the main parameters of the draft state budget and the macroeconomic forecast for 2027: GDP of $232 billion, revenues of 416 trillion soums, expenditures of 464 trillion. The main tax rates are planned to remain unchanged. It is proposed to allocate 114.3 trillion soums to education and 61.4 trillion to healthcare.

Aziz KarimovFirst published on tafs uz 13 November 2026 at 22:142 min read

The key facts

Forecast for 2027: economic growth of 7%, GDP of $232 billion, inflation no higher than 6%
Budget revenues of 416 trillion soums, expenditures of 464 trillion, deficit of no more than 3% of GDP
The main tax rates are planned to remain unchanged in 2027

What is included in the 2027 draft budget

On November 13, President Shavkat Mirziyoyev reviewed the main parameters of the draft state budget and the macroeconomic forecast for 2027, his press service reported. According to calculations, GDP in 2027 should reach $232 billion, with economic growth of 7%. Inflation is planned to be reduced to 6% in 2027 and to 5% in 2028–2029; the forecast for 2026 is 7%. There is also a goal to bring exports, excluding gold, to almost $40 billion in 2027.

Revenues, expenditures and taxes

Budget revenues for 2027 are proposed to be set at 416 trillion soums, with expenditures of 464 trillion soums. 'Among the most important tasks for the coming year are keeping inflation no higher than 6% and maintaining the overall fiscal deficit within 3% of GDP,' the press service's statement said. The main tax rates are expected to remain unchanged; revenue growth is planned to be achieved by stimulating economic activity, broadening the tax base, reducing the share of the shadow economy and improving tax and customs administration, including through the introduction of digital technologies and artificial intelligence. The president also instructed to pilot a system that makes it possible to track the spending of budget funds at construction sites under the investment program.

Social spending and the current year

For 2027, it is proposed to allocate 114.3 trillion soums to education and 61.4 trillion soums to healthcare — 14 trillion and 12 trillion more, respectively, than in 2026. Another 70 trillion soums is planned to be directed toward the development of regional and mahalla infrastructure, employment and incomes of the population, human capital development and stronger social protection. According to the forecast presented at the meeting, by the end of 2026 the economy will grow by at least 8%, GDP will exceed $200 billion, and per capita income will exceed $5,200. The draft budget is currently being discussed in local councils, after which it will be submitted to the Legislative Chamber of the Oliy Majlis.