Тошкент молия институти ҳузуридаги илмий даражалар берувчи dsc


Implementation of the research results


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Implementation of the research results.
In reliance upon the scientific 
proposals and practical recommendations aimed at improving the practice of state 
financial support for agriculture in the Republic of Uzbekistan

The proposal for the targeted use of budgetary funds based on the correlation 
between investments in agriculture in the structure of state budget expenditures and 
the share of agriculture in GDP has been implemented in practice by the Ministry of 
Finance of the Republic of Uzbekistan when making changes to the type of expenses 
within the framework of general indicators (Certificate of Implementation of the 
Ministry of Finance of the Republic of Uzbekistan No. 06 / 04-02-0132 3801 dated 
August 27, 2019). As a result of the implementation of this proposal, the amount of 
funds transferred from the state budget of the Republic of Uzbekistan to the «Fund 
for Reclamation Improvement of Irrigated Lands» under the Cabinet of Ministers of 
the Republic of Uzbekistan in 2018 increased by 89.2 billion UZS compared to 2017; 
The method of accounting for costs and insurance rates when calculating 
subsidies issued to agriculture from the state budget for average returns for the same 
period has been introduced in practice by the Ministry of Finance of the Republic of 
Uzbekistan while improving the actuarial calculation of agricultural insurance and 
determining the optimal amount of insurance risk (Certificate of Implementation of 
the Ministry of Finance of the Republic of Uzbekistan No. 06/04-02-0132/3801 dated 
August 27, 2019). As a result of putting this proposal into practice, the amount of 
subsidies provided to agriculture through «Agrobank» at the expense of the State 
budget of the Republic of Uzbekistan in 2018 increased by 53,4 percent compared to 
2017;
In order to ensure financial stability and reduce the risk of transformation, the 
proposal to revalue soft loans and overdue debts and repay them in full at the expense 
of state insurance companies has been implemented in practice by Joint-Stock 
Commercial Bank «Agrobank» (Certificate of Implementation of Joint Stock 
Commercial Bank «Agrobank» No. 10/1-07/149 dated July 18, 2019). As a result of 
the implementation of this proposal, the share of liquid assets in the total assets of the 
bank increased by 15,0 percentage points; 
The proposal to raise the capitalization level of «Agrobank» at the expense of 
public funds, to provide financial incentives for channeling profits to regulatory 
capital, to prevent the cost of the bank from investing in securities under the influence 
of inflation have been implemented in practice by «Agrobank» JSCB (Act of 
Implementation of commercial bank «Agrobank» No. 10/1-07/149 dated July 18, 
2019). The implementation of this proposal ensured an increase in the resources of 
«Agrobank» JSCB by 106 percent. 


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