THE IMPACT OF THE BUDGET BALANCE AND PUBLIC DEBT ON THE INFLATION RATE IN UZBEKISTAN

Authors

  • Scientific Research Center "Scientific Foundations and Problems of the Development of the Economy of Uzbekistan" under Tashkent State University of Economics

DOI:

https://doi.org/10.60078/2992-877X-2026-vol4-iss5-pp232-237

Abstract

The study aims to evaluate the impact of budget balance and gross government debt on inflation in Uzbekistan for 2011-2024. A multiple linear regression analysis was employed. Results indicate a statistically significant positive relationship between budget balance, government debt, and inflation, with budget balance exerting the strongest effect.

Keywords:

inflation budget balance government debt macroeconomic policy

References

Akingbade Aimola и Nicholas Odhiambo (2020) Public Debt and Inflation: A Review of International Literature, International Journal of Economics and Financial Issues, т. 10, № 3, с. 123–129.

Anderson, R. и Wilson, M. (2023) Пороговые значения государственного долга в развивающихся экономиках, Journal of Development Economics, т. 162, с. 102–118.

Blanchard, O. (2017) Макроэкономика, Харлоу: Pearson.

International Monetary Fund. (2024). IMF Data Portal. https://data.imf.org

John Maynard Keynes (1936) The General Theory of Employment, Interest and Money, London: Macmillan.

Kodirov, A.R. (2025) Управление государственным долгом и финансовая устойчивость в Узбекистане, Economic Analysis Journal, т. 5, № 1, с. 60–68.

Milton Friedman (1963) Inflation: Causes and Consequences, New York: Asia Publishing House.

Mishkin, F.S. (2016) Экономика денег, банковского дела и финансовых рынков, Харлоу: Pearson.

Sattorova, D.S. (2024) Влияние государственного долга на экономическое развитие страны, Modern Education and Development. Modern Education and Development

SIAT Uzbekistan (дата обращения: 20 мая 2026).

Vagizova, V.I., Bishenov, A.A. и Ayupova, V.K. (2025) Бюджетный дефицит и его влияние на макроэкономическую стабильность. Библиотека Банка России

Volkov, A.B. (2023) Риски государственного долга в переходных экономиках, Финансы и кредит, т. 8, № 4, с. 78–95.

World Bank Data.

Downloads

Published

How to Cite

Raximova , M. (2026). THE IMPACT OF THE BUDGET BALANCE AND PUBLIC DEBT ON THE INFLATION RATE IN UZBEKISTAN. Economic Development and Analysis, 4(5), 232-237. https://doi.org/10.60078/2992-877X-2026-vol4-iss5-pp232-237