The article attempts to generalize the theoretical interpretations of the concept of “interregional differentiation”, the essence of the theories of regional growth, determining the level of heterogeneity of the socio-economic space of Uzbekistan and the trends of regional development in the republic. The period of implementation of the Strategy of Actions of the Republic of Uzbekistan in five priority areas of development - 2017-2021 was adopted as the main period of the study. The practical significance of the study is to summarize the results of the implementation of the above-mentioned strategy by assessing the interregional differentiation of socio-economic development in the regions of Uzbekistan. The results of the study can be used in the system of strategic decision-making aimed at the sustainable development of the territories of the republic.

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The article describes preconditions and specifics of transition to mid-term planning of the state budget in the Republic of Uzbekistan. It generalizes successful international experience of targeted budgeting program. It proves that the advantages of mid-term budget planning, first of all, include stabilization of fiscal policy and macroeconomic situation in whole, as it means public awareness of government policy for several years ahead, reduction of uncertainty and risks for business, and for foreign investors and international rating agencies it allows to assess the level of capital investment risks and ultimately, serves for improvement of investment environment, raise life standard of the population

The study is devoted to topical issues of the distribution of competencies between the budgets of different levels, first of all, with the aim of effectively fulfilling the tasks they face, forming a reliable and stable revenue base for local budgets, equalizing regional incomes, as well as the conditions and mechanisms for providing them with financial assistance. The purpose of this article is to generalize the existing ones in the world, as well as to improve and develop methodological approaches to assessing the effectiveness of the use of fiscal equalization funds, which is undeservedly paid little attention to in the research of Uzbek scientists. The article analyzes the existing system of interbudgetary relations of the Republic of Uzbekistan, identifies the problems and trends of its development. Based on the application of these approaches, as well as mathematical-statistical and expert methods, conclusions were drawn about the presence of a high level of differentiation of the regions of Uzbekistan in terms of important socio-economic indicators and about the effectiveness of the transfer policy carried out in the republic, designed to smooth out these differences. The work will be useful to employees of the relevant authorities of Uzbekistan, decision-makers in the field of formation and implementation of socio-economic policy at the regional and national levels, as well as a wide range of researchers and readers interested in the peculiarities of organizing the system of interbudgetary relations.