THE ROLE OF THE FINANCIAL SYSTEM IN SOCIO-ECONOMIC DEVELOPMENT OF THE REGIONS

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THE ROLE OF THE FINANCIAL SYSTEM IN SOCIO-ECONOMIC DEVELOPMENT OF THE REGIONS

Journal Title: Ancient Land - Year 2024, Vol 6, Issue 7

Abstract

Abstract In order to develop a country, its individual regions must be developed. Developing the regions can be possible by eliminating the inequalities between them. In accordance with world experience, fundamental state programs in this direction have been adopted and are being implemented in our country. The programs envisage the development of the non-oil sector and entrepreneurship in our country, and the further improvement of the financial condition of the population. Adopted programs are continuously improved and more priority issues are brought to the fore in the coming years. The full provision of economic independence is closely related to the correct and efficient use of available financial resources. Because, without these resources, it will not be possible to implement any state program or project. The links that make up the state financial system are closely connected and almost complement each other. The sub-systems included in it are the main regulatory tools in the effective implementation of economic and social policy and the protection of healthy economic competition. The article provides brief information about the financial system. The important goals of the state's socio-economic policy, sources of funding for measures to be implemented within the framework of the State Programs for socio-economic development in the regions in different years, what works are carried out within the framework of the state programs planned in the regions at the expense of financial resources are discussed in detail.

Authors and Affiliations

Eltun Ibrahimov, Turgan Babayev

Keywords

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EP ID EP747664
DOI 10.36719/2706-6185/37/25-30
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