FISCAL STABILITY AND PUBLIC DEBT MANAGEMENT: STRATEGIC DIRECTIONS FOR UZBEKISTAN FROM THE EXPERIENCE OF ITALY AND JAPAN
Kalit so‘zlar:
fiscal stability, public debt, Italian experience, Japanese model, IMRAD, OLS, fiscal rules, PPP, contingent liabilities.Abstrak
Maintaining stable dynamics of public debt in the context of global macroeconomic instability and geopolitical changes has become a priority for economic security. This article provides a comparative analysis of the experience of the world’s two largest debt holders — Italy and Japan. Italy’s institutional fiscal rules and Japan’s domestic financing model are considered in the context of Uzbekistan’s economy. The study econometrically assesses the impact of Uzbekistan’s fiscal balance and inflation rate on the debt burden using the OLS model for 2011–2023. The results indicate the need to strengthen fiscal discipline and take advantage of domestic market opportunities.
Библиографические ссылки
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