ENSURING NATIONAL ECONOMIC STABILITY THROUGH EFFECTIVE UTILIZATION OF STATE FINANCIAL RESOURCES: A LITERATURE REVIEW

Ensuring national economic stability is contingent upon the efficient allocation, management, and oversight of state financial resources. A growing body of economic literature underscores the pivotal role of fiscal and monetary instruments in shaping macroeconomic performance, promoting sustainable growth, and enhancing resilience to external shocks. This paper presents a systematic literature review of national and international studies addressing key components of public financial management, including fiscal policy design, tax revenue distribution mechanisms, budgetary discipline, monetary interventions, and customs tariff regulations. The analysis integrates both theoretical frameworks and empirical findings to evaluate the effectiveness of diverse policy instruments in fostering economic equilibrium.

In addition to traditional fiscal and monetary strategies, the study explores the evolving landscape of financial governance, with particular attention to the integration of digital technologies—such as fintech solutions, blockchain, and artificial intelligence—in public finance systems. These innovations are assessed for their potential to enhance transparency, reduce administrative inefficiencies, and optimize revenue collection. Furthermore, the paper examines the economic implications of contemporary global crises—such as the COVID-19 pandemic, supply chain disruptions, and geopolitical instability—on fiscal stability and public sector performance.

The study aims to identify actionable insights and policy recommendations for optimizing financial resource utilization. The findings contribute to the broader discourse on economic governance by highlighting both the structural enablers and systemic constraints that influence fiscal effectiveness in emerging and transitioning economies, with a particular emphasis on the case of Uzbekistan.