TASHKENT, Uzbekistan, May 22. Experts from the
Ministry of Finance of the Russian Federation conducted a working
visit to Tashkent within the framework of a bilateral cooperation
program with the Ministry of Economy and Finance of Uzbekistan,
aimed at the exchange of experience in public financial management,
Trend reports via the
ministry.
The discussions were held on May 20 during an applied seminar at
the Ministry of Economy and Finance of Uzbekistan, conducted within
the framework of ongoing efforts to enhance budget transparency,
improve fiscal efficiency, and advance fiscal decentralization in
the country.
The event was organized within the framework of the seminar
series and was attended by a delegation led by Gleb Pokatovich,
Director of Russia's Financial Research Institute (NIFI) under the
Ministry of Finance and was attended by Deputy Minister of Economy
and Finance, Axadbek Xaydarov, along with relevant specialists from
the ministry and the Institute for Reducing the Shadow Economy.
The visit, held from 18 May through 22 May, focused on
international best practices in budget processes, efficiency and
transparency of public finance systems, internal audit,
program-based budgeting and fiscal decentralization, as well as
prospects for their implementation in Uzbekistan.
NIFI experts presented Russia’s experience in developing
intergovernmental fiscal relations, mechanisms for allocating
financial resources, the system of extrabudgetary transfers, and
modern approaches in this field.
Moreover, the sides exchanged views on enhancing transparency in
public financial management, improving governance efficiency,
introducing best practices, and expanding future cooperation.
