Public debt, poverty and economic growth of Uzbekistan

Abstract

To achieve the goals of sustainable development, recovery from the pandemic and mitigate its adverse effects on
the national economy (avoiding a recession), it is important to ensure reliable sources of financing. The expansionary fiscal
policy pursued by the government plays a critical role in this endeavor, spurring the growth of the private sector. Hence,
this article examines the impact of the government’s expansionary fiscal policy and subsequent increase in public debt on
the economy. The study resulted in recommendations for optimizing the structure of public debt in order to reduce poverty.