KEEPING ACCOUNTS WITH CREDITORS IN BUDGET ORGANIZATIONS
Keywords:
settlements with creditors, budget organizations, public sector finance, financial management, debt management, fiscal stability, accounting practice, state financial reporting, regulatory and legal frameworks.Abstract
Accounting with creditors in budget organizations is an important aspect of financial control and accountability, especially in the conditions of the public sector of Uzbekistan. This article examines the regulatory frameworks, accounting practices and challenges faced by budget organizations in managing creditor relationships. It examines the legal and financial guidelines governing the settlement of accounts with creditors, the role of financial reporting in ensuring transparency, and measures aimed at preventing mismanagement or fraud. The study highlights the importance of sound debt management to maintain fiscal stability and strengthen confidence in public sector financial operations. With a detailed analysis of Uzbekistan's national regulatory and legal documents, financial management systems and practical examples from budget organizations, this article provides insights into best practices and trends in improving the state financial management system.
References
Abdullaev, S., & Rakhimov, F. (2020). “The impact of accrual accounting on public sector financial management in Uzbekistan”. Journal of Public Finance and Management, 42(3), 215-237.
Chamber of Accounts of the Republic of Uzbekistan. (2022). “Audit report on financial management and budget execution in local government bodies”. Tashkent: Chamber of Accounts. Retrieved from https://www.ca.uz
Kalimov, Z (2022). “Digital financial systems and public debt management in Uzbekistan: Current trends and future prospects”. Journal of Economic Reforms, 19(4), 305-324.
Ministry of Finance of the Republic of Uzbekistan. (2023). “State Treasury System and its impact on budget management”. Ministry of Finance. Retrieved from https://www.mf.uz
Salimov, A. (2021). “Public financial management reforms in Uzbekistan: A study on the challenges and prospects of accrual accounting”. Public Administration Review, 61(2), 143-167.
Sultonov, A (2021). “Procurement delays and their impact on public financial management in Uzbekistan”. Asian Journal of Public Administration, 8(1), 58-72.
