FISCAL, MONETARY, AND CUSTOMS-TARIFF POLICIES IN ENSURING NATIONAL ECONOMIC STABILITY: EVIDENCE FROM UZBEKISTAN
DOI:
https://doi.org/10.5281/zenodo.17417567Keywords:
fiscal policy, monetary policy, customs tariffs, economic stability, Uzbekistan, inflation control, tax reformAbstract
This study investigates the effectiveness of Uzbekistan’s fiscal, monetary, and customs-tariff policies in sustaining
national economic stability amid structural transformation and global uncertainty. Using macroeconomic data from
2020-2024, the research analyzes changes in tax revenues, budget deficits, inflation, and external trade dynamics.
Descriptive and comparative methods were applied to evaluate the outcomes of tax reforms, monetary interventions, and
tariff liberalization measures. The results show that fiscal reforms -particularly tax base expansion and rate optimizationimproved
budget revenues, while targeted monetary policy helped reduce inflation from
16% in 2018 to about 10% by 2024. Additionally, customs-tariff adjustments during the 2020-2024 period stabilized
consumer prices and supported food security. The findings suggest that Uzbekistan’s integrated fiscal-monetary approach
has strengthened macroeconomic resilience, although challenges remain in balancing social spending, external debt,
and exchange rate stability.
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