Fergana state university faculty of economics

4. Issues of improving the fiscal policy of the state in the context of modernization of the economy


The financial activity of the state covers, first of all, the formation of the state budget, its implementation, implementation of tax policy, effective use of the banking and credit system, budget deficit management. In order to further strengthen control over the receipt and expenditure of state budget funds, to further strengthen the role of the budget in the economy through the effective management of state budget funds, the Budget Code of the Republic of Uzbekistan was introduced. Budget Resolution of the President of the Republic of Uzbekistan No. 2270

The implementation of reforms in the system of public financial management on the basis of the Code has a positive impact on the development of our economy. The reforms carried out in our country to form a stable and efficient economy, to manage the revenues and expenditures of the state budget are now showing their results through the treasury. Improving the budget execution in the treasury system of the Republic of Uzbekistan and paying attention to the effective use of international experience , improving the treasury activities in today's reforms have been identified as important tasks.

The main financial document of the country - the State Budget for 2016 and the budgets of state trust funds, as well as the plan of the main directions of tax and budgetary policy to reform and modernize the country's economy, balance important macroeconomic indicators, state participation in the economy. reduction, radical growth of the role of private property , ensuring reliable protection of private entrepreneurship in order to ensure sustainable economic growth and stability in the country.

In the main directions of fiscal policy for 2016 , as well as in key macroeconomic indicators, GDP grew by 7.8%, industrial production by 8.2%, agricultural production by 6.1%, capital investment. year envisaged growth of 9.6 per cent since it admitted .

The following shows in Uzbekistan in 2016, the main macroeconomic indicators of 2015 compared to growth figures .