Development trends and assessment of system efficiency of interbudgetary relations in the Republic of Uzbekistan

Abstract

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.