PROBLEMS OF INCREASING THE PARTICIPATION OF THE PRIVATE SECTOR IN THE ECONOMY OF UZBEKISTAN

Abstract

This article analyzes the problems of increasing the share of the private sector in the economy of Uzbekistan. The role and importance of the private sector in the process of economic reforms being carried out in the country, its share in gross domestic product, and development trends across sectors are considered. The main problems hindering the activities of the private sector - tax and administrative barriers, limited financing opportunities, competition with state-owned enterprises, insufficient human resources, and a high share of the shadow economy - are analyzed in detail. Also, privatization programs implemented in recent years, entrepreneurship support policies, and reforms to improve the business environment are analyzed. At the end of the article, practical proposals are put forward to increase the share of the private sector.