What do you know about banking system of Uzbekistan?

International Financial Institution
IFI – play a major role in the social and economic development programs of nations with developing or transitional economic. This role includes advising on development programs and project, funding them and assisting in their implementation. All these institutions have following aim and objectives as to reduce global poverty and improve people’s living standards, to support sustainable economic, social institutional development, to promote regional cooperation and integration.


What do you know about taxes?
Taxes are compulsory payments to the state budget. In modern economies taxes are the most important source of government revenues. Taxes on income (i.e. on wages, salaries, profits, dividends, rent and interest) and on capital are known as "direct" taxes. Taxes on commodities or services are known as "indirect" taxes. For example, the VAT and excise tax. Taxation is a system of collecting taxes to the budget. Taxes are used to construct new objects and for social purposes. A tax officer is a person who supervises payments of taxes. A taxpayer is a person who pays taxes. The Uzbekistan State Tax Committee (STC) is the government authority responsible for administering the tax system and collection of taxes.
What is finance?
Finance is the provision of money at the time when it is needed. It is a system of monetary relations leading to formation, distribution and use of money in the process of its turnover between economic entities. Finance in an economic system comprises two parts: public finance and corporate finance. Public finance deals with the income and the expenditure of the government, corporate finance deals with acquisition and allocation of the corporation funds with the aim of maximizing shareholder’s wealth. The major instrument of any financial system is the budget. The budget is an estimate of national revenue and expenditure for the ensuing fiscal year. A State budget is the budget of a country. It consists of republican budget, local budget and state target funds. Budget preparation involves a number of institutions. The Ministry of Finance (MoF) is the central coordinating institution in charge of compiling and presenting the budget.