ANALYSIS OF PUBLIC PROCUREMENT BY BUDGET ORGANIZATIONS IN OUR COUNTRY AND INDICATORS OF COST SAVINGS
Abstract
This article is dedicated to analyzing the public procurement system conducted by budget organizations in the Republic of Uzbekistan. Public procurement serves as an essential tool for the effective management of the nation’s financial resources, particularly in ensuring prudent spending of state funds and enhancing transparency. This article provides a detailed analysis of the economic efficiency and savings achieved through electronic auctions in public procurement during 2022–2024. It also examines advanced practices in public procurement digitalization employed by countries like South Korea, the United States, and the European Union, considering the possibilities for their application in Uzbekistan. The research highlights the economic efficiency of conducting competitive, cost-effective, and transparent public procurements through electronic auctions.
Keywords:
public procurement electronic auction state budget economic efficiency transparencyReferences
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