ANALYSIS OF THE IMPACT OF PUBLIC FINANCIAL MANAGEMENT EFFICIENCY ON SOCIAL JUSTICE THROUGH PEFA AND CEQ METHODOLOGIES
DOI:
https://doi.org/10.5281/zenodo.19080794Keywords:
Public financial management, PEFA, CEQ, social equity, fiscal governance, transition economies, UzbekistanAbstract
The article addresses to examine how improvements in fiscal governance affect social equity outcomes by
integrating the empirical framework that combines (the Public Expenditure and Financial Accountability) PEFA-based
indicators of (Public financial management) PFM efficiency framework with (the Commitment to Equity) CEQ-based
measures of income inequality and poverty methodology. The develops Relying exclusively on publicly available data
from national statistical and fiscal sources, the paper constructs a composite PFM index and estimates its relationship
with social equity outcomes over the period 2010-2024. Regression results indicate that improvements in public financial
management are significantly associated with reductions in income inequality and poverty. In particular, budget credibility
and fiscal risk management emerge as the most influential institutional dimensions driving redistribution effectiveness.
The study provides novel empirical evidence from a transition economy and highlights the importance of integrating
institutional and distributional perspectives in fiscal governance reforms
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