Wages and pensions will be increased above inflation

According to the Budget document of the Ministry of Economy and Finance for 2026, wages, pensions, and social benefits in Uzbekistan are planned to be increased above the inflation rate until 2030. This was reported by Zamin.uz.

These measures are aimed at increasing the real incomes of the population and strengthening social protection. The document envisages reforms in the state pension system.

Specifically, the financing volume of the Pension Fund from state funds will be gradually reduced. At the beginning of 2026, the Pension Fund balance is projected to be 3.9 trillion soums, with revenues of 64.7 trillion soums and expenditures of 86.1 trillion soums.

Next year, a transfer of 23 trillion soums from the budget is planned. In 2027, this figure is expected to decrease to 20 trillion soums, and in 2028 to 18 trillion soums.

At the same time, the fund's revenues are expected to reach 75 trillion soums in 2027 and 87.8 trillion soums in 2028. However, expenditures will also increase accordingly, amounting to 95.1 trillion soums in 2027 and 104.8 trillion soums in 2028.

Within the next three years, the number of pensioners is expected to increase by 489 thousand people, reaching a total of 4.76 million. The number of citizens reaching retirement age will increase by 5.1 percent annually.

Moreover, when the wages of budget organization employees increase by 1 percent, state expenditures increase by 1.67 trillion soums. Increasing pensions by 1 percent requires an additional 861 billion soums.

When the number of families receiving social benefits increases by 10 percent, budget expenditures rise by 1.6 trillion soums. These data indicate the need for more thorough planning of budget policy.