FISCAL POLICY IN UZBEKISTAN AND INTERNATIONAL EXPERIENCE: A COMPARATIVE ANALYSIS OF FISCAL SUSTAINABILITY AND PUBLIC FINANCE REFORMS
Keywords:
Keywords: Fiscal policy, public finance, budget sustainability, tax administration, fiscal governance, economic development, public expenditure, fiscal reforms, Uzbekistan, international experience.Abstract
Abstract. Fiscal policy plays a decisive role in ensuring macroeconomic stability, sustainable economic growth, and effective public financial management. In recent years, Uzbekistan has implemented comprehensive fiscal reforms aimed at improving tax administration, enhancing budget transparency, increasing public expenditure efficiency, and strengthening fiscal sustainability. This study examines the evolution of fiscal policy in Uzbekistan and compares its experience with international fiscal governance practices. The research employs comparative, statistical, and institutional analysis using data from international organizations and official government sources covering the period from 2020 to 2024. The findings indicate that fiscal reforms have significantly improved revenue mobilization and budget performance in Uzbekistan. Comparative evidence further demonstrates that successful fiscal systems are characterized by transparent budget management, digitalized tax administration, efficient expenditure allocation, and strong institutional governance. The study concludes that continued alignment with international fiscal standards will contribute to long-term fiscal sustainability, economic resilience, and sustainable development in Uzbekistan.
