The Economic Essence and Assessment Criteria of State Budget Sustainability
DOI:
https://doi.org/10.51699/cajitmf.v7i2.1195Keywords:
State Budget, Fiscal Policy, Budget Sustainability, Public Debt, Budget Deficit, Tax Reform, Expenditure Efficiency, Macroeconomic Stability, Fiscal Risks, Economic GrowthAbstract
This study examines the economic essence of state budget sustainability and identifies key criteria for its assessment in the context of global economic uncertainty. The research highlights the role of fiscal policy in ensuring macroeconomic stability, promoting social equity, and supporting long-term economic development. Particular attention is paid to the structure of budget revenues and expenditures, reforms of the tax system as well as efficiency of public expenditure. The analysis highlights the need for a moderate budget deficit, sustainable public debt levels and transparent fiscal management. Using the example of reforms currently underway in Uzbekistan, the study shows how elements such as tax liberalization, digitalisation of tax administration, and structural changes to income can help strengthen fiscal sustainability. The results highlight the importance of enhancing expenditure efficiency and fiscal risk management mechanisms, as well as establishing medium-term budget planning frameworks that will support stable economic growth.
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