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PECULIARITIES OF MID-TERM PLANNING OF PUBLIC FINANCE IN UZBEKISTAN

The article describes preconditions and specifics of transition to mid-term planning of the state budget in the Republic of Uzbekistan. It generalizes successful international experience of targeted budgeting program. It proves that the advantages of mid-term budget planning, first of all, include stabilization of fiscal policy and macroeconomic situation in whole, as it means public awareness of government policy for several years ahead, reduction of uncertainty and risks for business, and for foreign investors and international rating agencies it allows to assess the level of capital investment risks and ultimately, serves for improvement of investment environment, raise life standard of the population