EXPERIENCE OF FOREIGN COUNTRIES IN THE USE OF FISCAL RULES IN ENSURING MACROECONOMIC STABILITY AND THE POSSIBILITIES OF ITS INTRODUCTION IN THE ECONOMY OF UZBEKISTAN

Authors

Abstract

In this article, the experience of foreign countries on the use of budget rules in ensuring macroeconomic stability and the possibilities of its implementation in the economy of Uzbekistan are studied. The article also presents a dynamic analysis of the fiscal rules by country of the world by type according to the general nature and the scale of the designation.

Keywords:

Macroeconomic stability fiscal rules national fiscal rules transnational fiscal rules escape clauses debt rules expenditure rules revenue rules budget balance rules

References

Allen Schick, (2003) “The Role of Fiscal Rules in Budgeting”. OECD Journal On Budgeting – Volume 3 – No. 3 – ISSN 1608-7143 – © OECD.

Antonio Fata´s, Ilian Mihov, (2006) “The macroeconomic effects of fiscal rules in the US states”. Journal of Public Economics 90 101 – 117.

Davoodi H.R., Elger P., Fotiou A., D.Garcia-Macia, X.Han, A.Lagerborg, W.R.Lam, and P.Medas. (2022). “Fiscal Rules and Fiscal Councils: Recent Trends and Performance during the Pandemic”, IMF Working Paper No.22/11, International Monteary Fund, Washington, D.C.

Davoodi H.R., P. Elger, A. Fotiou, D. Garcia-Macia, A. Lagerborg, W.R. Lam, and P. Medas. (2022) IMF Fiscal Rules Dataset: 1985-2021;

Elva Bova, Nathalie Carcenac, and Martine Guerguil. (2014). “Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World”. IMF Working Paper / International Monetary Fund. July,

Gbohoui, W, and P. Medas. (2020). “Fiscal Rules, Escape Clauses, and Large Shocks.” Special Series on Fiscal Policies to Respond to COVID-19.

Harald Badinger, (2009) “Fiscal Rules, Discretionary Fiscal Policy and Macroeconomic Stability: An Empirical Assessment for OECD Countries”. Applied Economics, 41(7), p. 829-847.

Кудрин А., Соколов И. (2017) “Бюджетные правила как инструмент сбалансированной бюджетной политики”, Вопросы экономики. № 11. С. 5-32.

Қонун (2020) Ўзбекистон Республикасининг 2020 йил 25 декабрда қабул қилинган “2021 йил учун Ўзбекистон Республикасининг давлат бюджети тўғрисида”ги Қонуни.

Скрыпник Д.В. (2016), “Бюджетные правила, эффективность правительства и экономический рост”. Москва. Журнал Новой экономической ассоциации, № 2 (30), с. 12–32).

Фармон (2023) Ўзбекистон Республикаси Президентининг 2023 йил 11 сентябрдаги “«Ўзбекистон-2030» стратегияси тўғрисида”ги ПФ-158-сонли Фармони.

Ҳакимов Ҳ.А. (2018) “Бюджет қоидалари ва уларнинг иқтисодий самарадорлиги”, "Қишлоқ хўжалиги маҳсулотлари рақобатбардошлигини оширишда халқаро стандартларни жорий этиш: муаммо ва ечимлар" мавзусидаги республика илмий-амалий анжумани илмий мақолалари ва маъруза тезислари тўплами. 2018 йил 18 декабрь. - Т.: Иқтисодиёт, - 510 бет.

Швандар К.В., Черкасов В.Ю., Бурова Т.Ф., (2017) “Голландская болезнь»: применение бюджетного правила и роль структурных реформ”// Финансовый журнал, №5.

Шмиголь Н.С. (2017) “Бюджетные правила как инструмент достижения финансовой стабильности и экономического роста”. Журнал “Экономика и управление” №-1, Стр. 66-74. УДК 336.14(045).

Downloads

Published

How to Cite

EXPERIENCE OF FOREIGN COUNTRIES IN THE USE OF FISCAL RULES IN ENSURING MACROECONOMIC STABILITY AND THE POSSIBILITIES OF ITS INTRODUCTION IN THE ECONOMY OF UZBEKISTAN. (2024). Economic Development and Analysis, 2(6), 519-532. https://doi.org/10.60078/2992-877X-2024-vol2-iss6-pp519-532