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International Finance and Accounting

Abstract

Transition to medium-term budget planning is important to support macroeconomic and fiscal sustainability. If “planning” is for a year, issues of solving current issues may become more important than strategic goals. The availability of three-year targets in the State budget of Uzbekistan will help to achieve future goals. One of the main goals of this reform is to improve efficiency of State budget management.

References

1. Barrios, S. and Schaechter, A. “Gauging by numbers: A first attempt to measure the quality of public finances in the EU”, 2009, European Commission Economic Papers. 2. Barrios, S. and Schaechter, A. “Gauging by numbers: A first attempt to measure the quality of public finances in the EU”, 2009, European Commission Economic Papers. 3. Pradhan, S. (2013) Budgetary Reform: Implementing medium term budgeting framework (MTBF) in Nepal”. PEFA Journal. 4. Tiţa, C., Oţetea, A., & Banu, I. (2014). “The Importance of a Medium-term Budgetary Framework in Enhancing the Sustainability of Public Finances in Romania”. 5. Tiţa, C., Oţetea, A., & Banu, I. (2014). “The Importance of a Medium-term Budgetary Framework in Enhancing the Sustainability of Public Finances in Romania”. 6. Solomon, A. G. (2012). “Impact of Euro-area Accession on Fiscal and Budgetary Policy”. 7. Pildat (2010), “Medium Term Budgetary Framework”, Background Paper. Available on http:// www. pildat. org/ Publications /publication/ Budget Eco Finance /Medium Term Budgetary Framework 8. An address message to the parliament of the Republic of Uzbekistan. On December 22, 2017. 9. Forecast of main macroeconomic indicators and parameters of the State budget of the Republic of Uzbekistan for 2019 and budget targets for 2020-2021. Decree of President-4086 10. Forecast of main macroeconomic indicators and parameters of the State budget of the Republic of Uzbekistan for 2019 and budget targets for 2020-2021. Decree of President-4086

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