As of June 1, 2025, the total tax debt of construction organizations exceeded 1 trillion soums. The critical debt threshold of 100 million soums was exceeded by 1,103 companies, which indicates the systemic nature of the problem in the industry.
Of particular concern is the concentration of debt in a small number of market participants: only ten companies account for 433.5 billion soums — 40.1% of the total amount of debt. This may indicate a high proportion of large contractors experiencing financial difficulties or using aggressive tax optimization schemes.
According to the regional distribution, the largest amounts of tax arrears were recorded in Tashkent — 475.6 billion soums. This figure is more than twice as high as the total debt of construction companies in the Andijan region, which ranks second with a volume of 166.3 billion soums. Bukhara region is the third in the anti-rating, with a debt of 88.7 billion soums.
These figures raise questions about fiscal discipline in the construction sector and possible risks to the implementation of public infrastructure programs. Given the rapid growth of construction activity and the implementation of major national projects, the stability of tax revenues from key players becomes particularly critical.
Analysts suggest that the situation may be related to delays in government contracts, as well as cash gaps amid rising costs of construction materials and changes in exchange rates. It is possible that the tax authorities will soon strengthen measures to collect debts, and restrictions on participation in tenders and receiving government orders may be imposed for system violators.
