PROBLEMS OF FINANCING THE PENSION SYSTEM IN UZBEKISTAN
DOI:
https://doi.org/10.55640/Keywords:
pension system, pension system financing, public finance, Pension Fund, pension provision, financial stability, inflation, shadow economy, pension reform, social protection of the populationAbstract
This article examines current issues related to financing the pension system of the Republic of Uzbekistan, as well as factors affecting its sustainability and effectiveness. It analyzes the growing number of pensioners, insufficient revenues to the Pension Fund, and the impact of the shadow economy and inflation on pension provision. Particular attention is paid to reforming the pension system, studying international experience, and developing proposals for improving pension financing mechanisms in the current economic environment. The study identifies key areas for improving the financial sustainability of Uzbekistan's pension system.
References
1: Constitution of the Republic of Uzbekistan. – Tashkent, 2023.
2: Law of the Republic of Uzbekistan "On State Pension Provision for Citizens."
3: Ministry of Finance of the Republic of Uzbekistan. Annual reports on the execution of the State Budget.
4: Pension Fund of the Republic of Uzbekistan. Official statistics and reports.
5: Decree and resolutions of the President of the Republic of Uzbekistan aimed at reforming the pension system and developing social protection for the population.
6: World Bank. Pensions Overview: Reforming Pension Systems for Sustainability. Washington, DC
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