UZBEKISTAN EXPERIENCE IN PROMOTING FISCAL DISCIPLINE AND BUSINESS ENVIRONMENT THROUGH SUSTAINABILITY RATING
DOI:
https://doi.org/10.47390/SPR1342V5I4Y2025N17Keywords:
stability rating, fiscal discipline, economic efficiency, business environment, financial stability, tax compliance, rating system, incentive mechanism, digitalization, Uzbekistan experience, international experience, S&P, ESG.Abstract
This article analyzes the role of the business entity stability rating system introduced in the Republic of Uzbekistan in strengthening fiscal discipline, improving the business environment, and fostering trust between the public and private sectors. The rating system evaluates entities based on 23 comprehensive indicators, including economic efficiency, financial discipline, fulfillment of tax obligations, social responsibility, and the level of digitalization. The article outlines the incentivizing and penalizing principles of the rating system, its legal framework, and provides a comparative analysis with international practices (S&P, ESG, Doing Business). It is substantiated that the implementation of the stability rating contributes to digital and targeted economic governance in Uzbekistan through tax administration automation, early identification of fiscal risks, and differentiated incentives for compliant business entities.
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