HISTORY OF THE BUDGET DEFICIT IN THE UZBEK SSR

The main link of the financial system, the budget has two columns, one is income, the other is expenditure, the excess of this expenditure over income is the budget deficit (subsidy) ...is termed [budget deficit]. This situation reflects an imbalance between revenues and expenditures during the process of generating and utilizing the state's financial resources. From this perspective, the budget deficit is not merely a financial-economic indicator but a crucial criterion for evaluating the effectiveness of state economic policy, budget planning, and financial management.