Journal of International Economics Research
Journal DOI
3070-5665ISSN (Online)
Volume 3 , Issue 1 , PP: 01-04, 2026 | Cite this article as | XML | Html | PDF | Full Length Article
Sholdarov Dilshod Azimiddin o'g'li 1 * , Navruzova Go‘zal Olimjon qizi 2
Doi: https://doi.org/10.54216/JIER.030101
This article analyzes the practical effectiveness of treasury mechanisms, which constitute a key institutional component of the public financial management system in Uzbekistan, using empirical and econometric methods. The study covers the period from 2015 to 2024 and examines indicators of state budget execution, the share of payments carried out through the treasury system, and measures of fiscal discipline. Time series analysis and regression models are employed to assess the impact of treasury control on the efficiency of budget execution. The results indicate that the strengthening of treasury mechanisms contributes to enhancing fiscal stability. The findings of the study provide a basis for developing scientific and practical recommendations aimed at improving public financial management under the conditions of Uzbekistan.
Treasury system , Ttate budget , Budget execution , Time series , Econometric analysis , Fiscal discipline
Allen, R., Hemming, R., & Potter, B. (2013). The international handbook of public financial management. Palgrave Macmillan.
Budget Code of the Republic of Uzbekistan. (n.d.).
Gujarati, D. N. (2015). Basic econometrics (5th ed.). McGraw-Hill Education.
Ministry of Economy and Finance of the Republic of Uzbekistan. (2023). Treasury system development report. Tashkent, Uzbekistan.
Ministry of Economy and Finance of the Republic of Uzbekistan. (n.d.). Official reports.
Musgrave, R. A. (1989). Public finance in theory and practice (5th ed.). McGraw-Hill.
Presidential Decree of the Republic of Uzbekistan. (2021, August 27). Decree No. PD-6300: On measures to further improve the system of state financial control. LexUZ.
Presidential Decree of the Republic of Uzbekistan. (2022, January 28). Decree No. PD-60: On the development strategy of the New Uzbekistan for 2022–2026. LexUZ.
Schick, A. (2014). The metamorphoses of performance budgeting. OECD Journal on Budgeting, 13(2), 1–24.
