PRIORITIES FOR FINANCIAL SUPPORT OF STATE INVESTMENT ACTIVITIES AND INVESTMENT POLICY IN UZBEKISTAN

Authors

  • Marina Sagatovna ABDURASHIDOVA Senior Lecturer of the Department of Finance and Business Analytics, Tashkent State University of Economics, Uzbekistan
  • Muhammad Eid BALBAA PhD, Associate Professor of World Economy Department, faculty of Corporate Governance, Tashkent State University of Economics, Uzbekistan1

Keywords:

Uzbekistan, investment policy, infrastructure development, agriculture, education, tourism, economic growth, foreign investment, agro-industrial parks.

Abstract

This article examines the priorities of financial support for state investment activities and investment policy in Uzbekistan. The government's focus on infrastructure development has been particularly effective in improving the country's economic performance, with significant investments in transportation, energy, and urban infrastructure. The agricultural sector also plays a vital role in the country's economy, accounting for approximately 27% of the country's GDP in 2020. The government has implemented policies to support the sector, including the introduction of modern agricultural technologies and the establishment of agro-industrial parks. The country's education system has also improved significantly, resulting in a higher literacy rate. Tourism is a growing industry in Uzbekistan, with the government's efforts to promote the country's rich cultural heritage and historical sites. Continued efforts to attract foreign investment and promote economic growth will be essential in achieving the government's goals of becoming a middle-income country by 2030.

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Published

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Issue

Vol. 10 No. 4 (2023): EPRA International Journal of Economics, Business and Management Studies (EBMS)

Section

Articles