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Fiscal, Monetary, And Customs-Tariff Policies In Ensuring National Economic Stability: Evidence From Uzbekistan

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  • Mahmudov Sarvar

Abstract

This study investigates the effectiveness of Uzbekistan’s fiscal, monetary, and customs-tariff policies in sustainingnational economic stability amid structural transformation and global uncertainty. Using macroeconomic data from2020-2024, 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, andtariff liberalization measures. The results show that fiscal reforms -particularly tax base expansion and rate optimizationimprovedbudget revenues, while targeted monetary policy helped reduce inflation from16% in 2018 to about 10% by 2024. Additionally, customs-tariff adjustments during the 2020-2024 period stabilizedconsumer prices and supported food security. The findings suggest that Uzbekistan’s integrated fiscal-monetary approachhas strengthened macroeconomic resilience, although challenges remain in balancing social spending, external debt,and exchange rate stability.

Suggested Citation

  • Mahmudov Sarvar, 2025. "Fiscal, Monetary, And Customs-Tariff Policies In Ensuring National Economic Stability: Evidence From Uzbekistan," GREEN ECONOMY AND DEVELOPMENT, "Ma'rifat-Print-Media" LLC, Tashkent State University of Economics, vol. 3(10), October.
    • Handle: RePEc:teu:ged000:v:3:y:2025:i:10:id:7304
    DOI: 10.5281/zenodo.17417567
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