INSTITUTIONAL AND ECONOMIC MECHANISMS FOR INCREASING THE EFFICIENCY OF PUBLIC FINANCE MANAGEMENT: THE CASE OF UZBEKISTAN
Abstract
Public finance management (PFM) plays a central role in ensuring effective governance, economic stability, and long-term development. For transitional economies such as Uzbekistan, enhancing the efficiency of PFM is essential for achieving macroeconomic balance, accelerating socioeconomic progress, and aligning with global standards. This paper examines the institutional and economic mechanisms Uzbekistan has implemented to strengthen its public finance system. By reviewing reforms, strategic frameworks, institutional structures, and economic policies, the study highlights the evolution of Uzbekistan’s PFM post-2016, identifies remaining challenges, and suggests directions for future improvements.
References
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