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MANAGEMENT OF INVESTMENT PROJECTS BASED ON TIME AND EFFICIENCY ASSESSMENT
Askarjon Khojamurodov, Furqat Esanboyev

This research paper sheds light on how time and efficiency factors are evaluated in the process of managing investment projects. The main focus is on the opportunities to obtain economic benefits by increasing efficiency and shortening project implementation periods during the project life cycle. This topic is very relevant today and is considered as one of the main criteria for successful implementation of projects and increasing their economic efficiency. Decision-making on investment projects is often time-constrained and requires effective planning and management.
Theoretical and practical aspects of project management were studied in the research. In particular, efficiency criteria were analyzed to increase the time-saving opportunities and profitability of the projects. The impact of time management on the project economy has been thoroughly studied, and the possibilities of obtaining economic benefits by reducing the time in the implementation of various projects have been considered. The study analyzes the factors necessary to improve the effectiveness of project management, including the optimal allocation of financial resources, manpower and technological infrastructure. The impact of proper planning and effective use of time in project management on the investment process is shown using practical examples. In addition to theoretical foundations, examples based on Uzbekistan and international experience are presented in the work

09/30/2024
  • PDF (Uzbek)
209-216 158 63
THE CONCEPT OF ECONOMIC EFFICIENCY OF THE RAILWAY TRANSPORT SYSTEM AND ITS ASSESSMENT INDICATORS
Xasan Raximov

This article discusses in detail the concept of economic efficiency of the railway transport system and its theoretical foundations. The economic efficiency of transport services represents the rational use of transport resources and the ability to have a positive impact on national economic growth. This article reviews important aspects of international and local experience. It also identifies the main indicators and criteria used to assess economic efficiency. The results of the study serve as an important scientific basis for developing strategies aimed at developing the railway transport system. The article analyzes the concept of economic efficiency and modern approaches to its assessment.

06/30/2025
  • PDF (Uzbek)
95-101 148 59
SYSTEM OF FACTORS AFFECTING THE EFFICIENCY OF THE GRAIN SUB-COMPLEX
Shovkat Ilmuratov

This article classifies the factors influencing the efficiency of the grain farming subsector based on a study of its effectiveness. It provides an assessment of the organization of grain farming clusters and formulates an algorithm for the stages of production, processing, and marketing processes within the cluster system. Moreover, it is offered recommendations for improving the efficiency of grain farming clusters.

08/30/2024
  • PDF (Uzbek)
262-271 147 46
EVALUATION OF THE EFFECTIVENESS OF INCENTIVE TAX BENEFITS IN THE REGIONS
Baxriddin Abdurahmonov

The article analyzes existing methodologies for assessing the effectiveness of incentive tax benefits in regions and identifies their advantages and disadvantages. It is substantiated that the assessment of the effectiveness of incentive tax benefits is aimed at determining the correlation between losses in budget revenues and the economic benefits arising for the state and taxpayers, as well as making decisions to extend, adjust, or cancel the benefit. It is demonstrated that the assessment of tax benefit effectiveness should be carried out based on budgetary, economic, and social criteria, and the assessment process should be conducted stage-by-stage. Based on the research results, an assessment methodology based on an integral coefficient and covering the main efficiency criteria is proposed. This allows for a comprehensive assessment of the budgetary, economic, and social consequences of tax benefits at the local level, as well as making well-grounded management decisions.

01/30/2026
  • PDF (Uzbek)
9-20 83 107
TAX BENEFITS AND SUBSIDIES IN THE HOTEL INDUSTRY OF UZBEKISTAN AND SOUTH KOREA: ECONOMIC EFFICIENCY ANALYSIS
Asilbek Tohirov

This scientific study is devoted to a comparative analysis of the economic efficiency of tax incentives and subsidy policies in the development of the hotel industry in Uzbekistan and South Korea. The work comprehensively studies the methods of financial stimulation of the hotel sector, their impact on investment attractiveness and regional economic 


growth based on the experience of the two countries. The main objective of the study is to determine the effectiveness of economic instruments that support the development of the hotel industry, in particular, through tax incentives and state subsidies. At the same time, the practical results of public-private partnership mechanisms are also evaluated based on empirical evidence. During the study, the relative advantages of the effectiveness of financial approaches used in Uzbekistan and South Korea are determined; The impact of tax and subsidy policies on reducing interregional disparities and increasing tourism potential is assessed; An incentive model adapted for Uzbekistan, based on international best practices, is developed. This study is of practical and theoretical importance for economists, analysts, tourism decision-makers, investment policymakers, as well as postgraduate researchers. The study not only highlights existing economic and institutional problems, but also puts forward scientifically based proposals for their solution. Therefore, this work serves as a reliable source for creating a sustainable tourism policy. The scientific novelty of the study is the first systematic comparative analysis of the practice of applying tax incentives and subsidies in the hotel industry of Uzbekistan and South Korea. This work identifies the impact of tax incentives on criteria such as investment activity, regional development, and service quality. In addition, an incentive model adapted to national conditions and focused on economic efficiency was developed, and practical recommendations were given for the development of tourism infrastructure based on public-private partnerships.

09/29/2025
  • PDF (Uzbek)
244-255 98 96
ANALYSIS OF CRITERIA FOR ASSESSING AND MEASURING THE EFFECTIVENESS OF TAX ADMINISTRATION
Farrukh Babaev Farrukh

The article discusses the criteria for assessing and measuring the effectiveness of tax administration. Various theoretical approaches to assessing the effectiveness of tax administration are studied, criteria for assessing and measuring effectiveness for the government of Uzbekistan are proposed, and a conclusion is drawn at the end of the topic.

12/27/2024
  • PDF (Uzbek)
267-275 119 46
THE THEORETICAL AND METHODOLOGICAL FOUNDATIONS OF OVERHEAD COST ALLOCATION
Dilfuza Tashnazarova

The article analyzes the theoretical and methodological foundations of overhead cost allocation. The stages of primary and secondary allocation and their significance in determining product cost and substantiating managerial decisions are examined. Based on the principles of cause-and-effect, fairness, consistency, and efficiency, the criteria for optimal cost allocation are identified. Furthermore, the necessity of implementing multi-criteria and adaptive allocation models in modern production conditions is emphasized. The research findings enhance the accuracy of product costing, improve the assessment of resource utilization efficiency, and expand the opportunities for substantiating managerial decisions.

04/30/2026
  • PDF (Uzbek)
256-262 46 33
ASSESSMENT OF APPRAISERS RATINGS AND DETERMINATION OF THEIR RANKING AS A STIMULUS FOR ENHANCING FAIR COMPETITIVENESS IN THE VALUATION SERVICES MARKET
Giyos Tashpulatov

Within the framework of the “Uzbekistan – 2030” and “Digital Uzbekistan – 2030” strategies adopted in New Uzbekistan, as well as at the new stage of economic reforms, special importance is given to improving the activities of appraisal organizations and enhancing the quality and efficiency of the services they provide. This article explores the issues of fostering fair and healthy competition in the valuation services market through the assessment of appraisers’ ratings and the determination of their rankings. The rating system offers opportunities to ensure transparency, strengthen customer trust, improve service quality, and increase overall competitiveness. Based on the analysis of international experience, the article discusses effective approaches that can be introduced into national practice, criteria for appraiser ranking, evaluation methods, and their outcomes. The article also presents proposals and recommendations for addressing potential challenges that may arise during the implementation of such a system.

04/30/2025
  • PDF (Uzbek)
366-376 110 56
METHODS FOR EVALUATING THE EFFECTIVENESS OF SOVEREIGN WEALTH FUNDS
Inomjon Jumaniyazov

This article examines methods for evaluating the performance of sovereign funds. Comprehensive indicators that objectively assess the degree of compliance with various proposed criteria are also studied and analyzed. The evaluation indicators for the performance of sovereign funds and the investment projects financed by them are reviewed, and assessment criteria are presented.

12/27/2024
  • PDF (Uzbek)
297-306 99 49
GENERATIVE ARTIFICIAL INTELLIGENCE IN ECONOMIC SECTORS: ASSESSING IMPLEMENTATION EFFICIENCY AND ENSURING TECHNOLOGICAL SECURITY
Durdona Abdukaxxorova

This article examines the role of generative artificial intelligence in the digital transformation of economic sectors, with a particular focus on assessing implementation efficiency and ensuring technological security. The study argues that generative AI is becoming a strategic tool for improving productivity, operational speed, decision-making quality, and innovation capacity across manufacturing, finance, logistics, public administration, and other sectors. At the same time, the article emphasizes that the benefits of generative AI are accompanied by serious technological risks, including data leakage, model misuse, privacy violations, unreliable outputs, and cybersecurity vulnerabilities. The research is based on a qualitative comparative analysis of recent open-access academic and institutional sources, including OECD, World Bank, NIST, and sector-specific studies. The findings show that the effectiveness of generative AI should be evaluated through a dual framework that combines economic performance indicators with technological security criteria. The article concludes that sustainable implementation requires not only digital infrastructure and organizational adaptation, but also strong governance mechanisms, human oversight, and continuous risk monitoring.

04/30/2026
  • PDF
9-14 54 53
ANALYSIS OF THE EFFICIENCY OF STATE FINANCIAL CONTROL
Mukhammadali Temirov

This article deals with the problem of assessing the effectiveness of state financial control mechanisms in modern conditions. Various approaches to measuring the effectiveness of control mechanisms are analyzed, as well as factors influencing the achievement of optimal results in the field of financial control are identified. In conclusion, the importance of constant monitoring and analysis of the effectiveness of state financial control is substantiated.

09/07/2023
  • PDF (Uzbek)
57-65 408 193
ASSESSMENT OF THE EFFECTIVENESS OF PUBLIC ADMINISTRATION, CRITERIA AND INDICATORS
Temur Abdullayev

This article pays special attention to the performance of each manager and employee working in the civil service in Uzbekistan, and also emphasizes the need to organize the work of a civil servant based on these principles.

04/30/2024
  • PDF (Uzbek)
17-26 235 165
THE IMPACT OF ESG FACTORS ON MANAGERIAL EFFECTIVENESS IN JOINT-STOCK COMPANIES
Dadajon Xabibullayev

The article analyzes the role of ESG criteria (Environmental, Social, and Governance), which have become an integral part of the modern corporate governance system, in the activities of joint-stock companies. Particular attention is paid to assessing the impact of sustainable development factors on the management efficiency of industrial enterprises with a high environmental burden, based on both international and domestic experience. The study theoretically and practically examines the influence of ESG components on the management system, risk management mechanisms, and the investment attractiveness of enterprises.

05/25/2026
  • PDF (Uzbek)
188-194 34 16
THE ECONOMIC ESSENCE OF TAX RISK AND THEORETICAL INTERPRETATION OF SCIENTIFIC VIEWS ON IT
Orifjon Fayziyev

This article studies the methodological foundations of tax risk assessment and management in the tax system. The issues of improving tax administration in the digital economy, analyzing taxpayers' activities based on a risk-oriented approach are discussed. The article considers the criteria for determining tax risks and models for their quantitative assessment, and puts forward proposals to improve the effectiveness of risk management in the tax system of Uzbekistan.

03/31/2026
  • PDF (Uzbek)
80-89 56 35
FOREIGN EXPERIENCE IN THE FUNCTIONING OF THE PENSION SYSTEM
Mastura Allayarova

This article reveals the role of pension provision and compulsory pension insurance in the social protection system of the population in modern states, as well as their significance in ensuring sustainable development. The study conducts a comparative analysis of the levels of compulsory, corporate, and private pension provision, their sources of financing, the range of participants, and functional characteristics using the pension systems of Germany, Italy, and the United States as examples. In addition, the regulatory role of the state in the pension system, the principle of intergenerational solidarity, the importance of funded pension mechanisms, and the impact of population aging on the pension system are highlighted. The article also compares the experience of certain foreign countries according to such criteria as retirement age, minimum insurance record, and the amount of insurance contributions. The current state of the pension system of Uzbekistan is substantiated, along with the factors affecting its financial stability under demographic changes, the need to improve compulsory pension insurance, and the priority directions of reforms. In conclusion, it is noted that the development of the funded component of pensions, the strengthening of actuarial assessment, and the harmonization of compulsory and voluntary pension mechanisms, while adapting international experience to national conditions, contribute to improving the efficiency of the pension system.

01/30/2026
  • PDF (Uzbek)
29-37 79 66
ENSURING THE RHYTHMICAL FORMATION OF THE STRUCTURE OF SMALL BUSINESS IN INDUSTRIES OF THE COUNTRY'S ECONOMY
Kuvondik Sharipov

This article examines sectors of the economy, goals, directions and objects of industry policy, measures to regulate the processes of industry specialization of small businesses, criteria for economic liberalization and economic freedom, indicators characterizing economic freedom in developing countries based on a free economy. The change in business activity of entrepreneurs by the mechanism of state regulation, the mechanism “Territory + industry map of small business activity” is highlighted.

03/30/2024
  • PDF (Uzbek)
481-492 105 91
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