The Role of the Budget in Ensuring Stability Economic Growth in the Light of the Implementation of the Main Directions of the Development Strategy of the Republic of Uzbekistan Until 2035

Authors

  • Zaynalov Jahongir Rasulovich Professor, Doctor of Economic Sciences of the Samarkand Institute of Economics and Service
  • Usmonov Parviz Shavkatovich Assistant of the Samarkand Institute of Economics and Service

Keywords:

financial policy efficiency, planning (forecasting), regulation, strategy, evaluation of investment projects, business

Abstract

The article discusses the features of the place and role of the budget in ensuring the stability of economic growth in the light of the implementation of the main directions of the Development Strategy of the Republic of Uzbekistan until 2035. Based on the results of the study, within the framework of the article, the authors propose proposals for improving the efficiency of financial policy in the near future, through the introduction of an innovative management system, based on results-oriented IT. Why do we need better regulations? Their adoption allows the system of state forecasting to function effectively in the conditions of the development of an innovative economy. It is noted that in order to implement the above proposal, the Government will need to provide conditions for creating a favorable tax and innovation climate, business development, and intensify work to reduce administrative barriers. And as tools, specific recommendations were given on taking the necessary measures to introduce a methodology for evaluating and monitoring investment projects financed from budget funds.

References

Tax Code of the Republic of Uzbekistan (new edition) dated December 31, 2019, No. 02/19 / NK / 4256

Law of Ukraine "On the state budget of the Republic of Uzbekistan for 2020" dated 09.12.2019, No. ZRU-589.

Budget Code of the Republic of Uzbekistan dated December 26, 2013 No. ZRU-360, as amended. 2019

Action strategy for five priority areas of development of the Republic of Uzbekistan in 2017-2021. Appendix N 1 to the Decree of the President of the Republic of Uzbekistan dated February 7, 2017 N UP-4947.

Law of the Republic of Uzbekistan dated December 29, 2017, No. ZRU-454 - National Legislation Database, January 1, 2018, No. 03/18/454/0493

Budget Code of the Republic of Uzbekistan dated December 26, 2013 No. ZRU-360, as amended. 2019

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Published

2022-06-14

How to Cite

Rasulovich, Z. J. ., & Shavkatovich, U. P. . (2022). The Role of the Budget in Ensuring Stability Economic Growth in the Light of the Implementation of the Main Directions of the Development Strategy of the Republic of Uzbekistan Until 2035. European Multidisciplinary Journal of Modern Science, 7, 126–129. Retrieved from https://emjms.academicjournal.io/index.php/emjms/article/view/561

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Articles