ONGOING REFORMS IN THE DEVELOPMENT OF FINANCIAL CONTROL SYSTEM IN THE REPUBLIC OF UZBEKISTAN

Abstract

This article analyzes the ongoing reforms in the field of development of the financial control system in the Republic of Uzbekistan. In particular, the measures taken under the leadership of Shavkat Mirziyoyev to strengthen state financial control, ensure the effective use of budget funds and bring the audit system in line with international standards will be highlighted. In recent years the activities of the Chamber of Accounts have been improved, modern audit mechanisms have been introduced instead of the traditional audit system. The article also considers monitoring the activities of ministries and departments through the “Remote Audit” automated information system, strengthening financial discipline and improving the efficiency of the use of budget funds. It is noted that as a result of the implemented reforms, the possibility of attracting additional revenues to the budget, reducing inefficient expenditures and preventing financial shortcomings has expanded.