Fiscal policy and the public finance management system are being improved

Deputy Prime Minister of the Republic of Uzbekistan, Minister of Economy and Finance Jamshid Kuchkarov held talks with Amanda Sayegh, Senior Economist at the Public Finance Management Division of the International Monetary Fund's Fiscal Affairs Department.

The discussion focused on reforms to strengthen cooperation between Uzbekistan and the IMF, particularly to improve fiscal policy and public financial management. The participants exchanged views on current initiatives in these areas and identified key priority tasks.

The discussion highlighted the importance of quickly identifying and assessing fiscal risks that might affect public financial stability. The focus was on establishing regular risk monitoring, evaluating potential impacts, and improving management systems.

The parties discussed budget revenue and expenditure planning, developing forecast indicators, and using budget funds effectively. They shared perspectives on improving the quality of financial planning and managing budget resources more effectively.

Following the meeting, the parties decided to maintain regular communication and share their experiences in fiscal management and public finance.

Nasiba Ziyodullayeva, UzA