ISSUES OF THE RELATIONSHIP BETWEEN THE STATE BUDGET AND ECONOMIC GROWTH IN UZBEKISTAN
Keywords:
macroeconomic and macroeconomic mechanism, economic growth, gross domestic product, state budget expenditures, approach or equilibrium rate of return, multiplier of state budget expenditures to GDP, medium-term budgetingAbstract
The article examines the interaction of the country's GDP with the state budget in the short and long term, the impact of the macro-fiscal mechanism on the country's economic growth on the example of Uzbekistan.
The aim of the study is to identify dynamic correlations between the country's state budget expenditures and the economic growth of the macro-fiscal mechanism in the short and long term, as well as to analyze the approximation or rate of return of GDP and the state budget to equilibrium during various macroeconomic shocks. and hesitation.
The scientific novelties of the research are:
- At the level of the national economy, empirical studies of economic growth and the state budget were assessed in a single grouping, the relationship of impact on GDP.
- An assessment was made of the relationship between economic growth and state budget expenditures and the frequency of rebalancing as a result of various macroeconomic shocks and fluctuations.
- Analyzed the interaction of GDP and state budget expenditures in the short and long term.
- fully confirms that A. Wagner's law and J.M. Keynes's hypothesis are applicable to Uzbekistan.
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