This article presents the socio-economic consequences of poverty in our country and theoretical aspects of its reduction, as well as the experience of foreign countries in reducing poverty and the level of poverty in our country and the advantages of reducing it. Directions for implementing poverty reduction are given.

This article is dedicated to analyzing the public procurement system conducted by budget organizations in the Republic of Uzbekistan. Public procurement serves as an essential tool for the effective management of the nation’s financial resources, particularly in ensuring prudent spending of state funds and enhancing transparency. This article provides a detailed analysis of the economic efficiency and savings achieved through electronic auctions in public procurement during 2022–2024. It also examines advanced practices in public procurement digitalization employed by countries like South Korea, the United States, and the European Union, considering the possibilities for their application in Uzbekistan. The research highlights the economic efficiency of conducting competitive, cost-effective, and transparent public procurements through electronic auctions.