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“JOURNAL OF SCIENCE-INNOVATIVE RESEARCH IN
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“JOURNAL OF SCIENCE-INNOVATIVE RESEARCH IN
UZBEKISTAN” JURNALI
VOLUME 1, ISSUE 7, 2023. OCTOBER
ResearchBib Impact Factor: 8.654/2023 ISSN 2992-8869
144
few years. This predetermines the content of banking operations and the essence of
credit relations.
The state financial system is unique to the field of "State finance and local
finance" is a joint. Its uniqueness is the centralized funds of the state from a separate
form on financial and credit relations for attracting funds consists of In this case, the
state is mainly a borrower of funds, as well as a creditor and guarantor (guarantor)
also appears on the field. Quantitative loan of funds in state credit.State activity
prevails as recipient. Operations of the state as a creditor, that is, when the state
provides loans to legal entities and individuals or becomes a guarantor, it will be
very narrow. Nevertheless, in the conditions of the market economy, from the budget
financing is also wide if it is carried out under the condition of repayment and
solvency can develop. The division of the financial system into separate sectors and
branches of the gross domestic product in formation, distribution and redistribution,
formation of incomes and from them participation of subjects of economic relations
differently from each other in the use is determined by Monetary funds for each
sector and link of the financial system and specific forms and methods of income
formation and their use is relevant. For example, the finance of enterprises to
material production, gross domestic product creation, its distribution among
enterprises and a part of the gross domestic product serves for redistribution to
budgetary and extra-budgetary savings funds. Through the state budget, resources
are attracted to the central fund of the state and they redistributed between economic
regions, sectors and social groups of the population.
From the way of building a democratic state of Uzbekistan the wide-ranging
economic activities carried out in the country today in the implementation of
reforms, first of all, further improvement of the financial system, It is important to
improve the types of financial system and their implementation mechanism is one
of the issues. Financial system in the context of economic modernization improving
the effectiveness of the priority directions of the reform, including issues of further
liberalization of the financial system are of particular importance.
In 2022, as a result of targeted measures the increase of budget revenues over
its expenses is 4.1 percent of GDP level was achieved. In general, this is the case in
the field of the state budget in order to achieve the results, the gradual structural
change and liberalization of the economy of our country, a number of things that
were previously the responsibility of the state expenses of the state budget by
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