THE ROLE OF PROGRAM-BASED BUDGETING MECHANISMS IN ENSURING STATE FINANCIAL SECURITY
DOI:
https://doi.org/10.5281/zenodo.19080786Keywords:
program-based budgeting, results-oriented budgeting, public financial security, budget programs, fiscal risks, budget transparency, monitoring and evaluationAbstract
This article provides a theoretical and practical analysis of the role of program-based budgeting mechanisms in
ensuring state financial security. The study examines the significance of results-oriented and program-based budgeting
within the public finance management system, its role in managing fiscal risks, ensuring the efficient use of budget funds,
and strengthening control over public expenditures. Additionally, using the case of Uzbekistan, the article analyzes the
legal and regulatory framework for implementing the program-based budgeting system, as well as existing methodological
and institutional challenges. Based on the research findings, scientifically-grounded proposals and recommendations
have been developed to improve the target indicators of budget programs, strengthen their link to strategic development
goals, enhance the monitoring and evaluation system, and expand the transparency of budget information
References
Allen, R., Tommasi, D. Managing Public Expenditure: A Reference Book for Transition Countries. Paris: OECD
Publishing, 2001. 512 p. Available at: https://www.oecd.org/gov/budgeting/Managing-Public-Expenditure.pdf
Robinson, M. Performance Budgeting: Linking Funding and Results. London: Palgrave Macmillan, 2007. 280 p.
World Bank. Public Financial Management and Performance Budgeting. Washington, DC: World Bank, 2018. Available
at: https://www.worldbank.org/en/topic/publicfinance
Cabinet of Ministers of the Republic of Uzbekistan. Resolution “On Approval of the Regulation on the Procedure for
the Development, Implementation, and Evaluation of the Effectiveness of Budget Programs.” January 4, 2024, No. 4.
Available at: https://lex.uz
World Bank. Program Budgeting in Practice: International Experience and Lessons. Washington, DC: World Bank,
Available at: https://documents.worldbank.org
Diamond, J. From Program to Performance Budgeting: The Challenge for Emerging Economies. IMF Working Paper.
Washington, DC: International Monetary Fund, 2005. Available at: https://www.imf.org/en/Publications/WP
Baranov, A. V., Zaytsev, A. V. Program-Target Budgeting and the Financial Security of the State. Moscow: Finansy i
kredit, 2019.
World Bank. Georgia Public Financial Management Reform Program. Washington, DC: World Bank, 2014. Available
at: https://documents.worldbank.org
Gharib, A., et al. Performance-Based Budgeting: A Systematic Literature Review. Journal of Public Budgeting,
Accounting & Financial Management, 2021. Available at: https://doi.org/10.1108/JPBAFM
OECD. Performance Budgeting in OECD Countries. Paris: OECD Publishing, 2019. Available at: https://www.oecd.
org/gov/budgeting/performance-budgeting.htm
OECD. Budgeting for Results and Fiscal Transparency. Paris: OECD Publishing, 2018. Available at: https://www.oecd.
org/gov/budgeting
Schick, A. Getting Performance Budgeting to Perform. OECD Journal on Budgeting, 2013. Available at: https://doi.
org/10.1787/budget
World Bank. Performance Budgeting and Public Sector Governance. Washington, DC: World Bank, 2017. Available
Budget Code of the Republic of Uzbekistan. Available at: https://lex.uz/docs/2304138
Open Budget Portal. Available at: https://openbudget.uz
Ministry of Economy and Finance of the Republic of Uzbekistan. Official data on the state budget and budget
transparency. Available at: https://imv.uz
Ministry of Economy and Finance of the Republic of Uzbekistan. Information on modernization of the public finance
management system. Available at: https://imv.uz
International Budget Partnership. Open Budget Survey Methodology. Washington, DC, 2023. Available at: https://www.
internationalbudget.org/open-budget-survey
