DYNAMICS OF THE REDUCTION OF THE SHADOW ECONOMY IN UZBEKISTAN

This article examines the dynamics of the reduction of the shadow economy in Uzbekistan and analyzes the key factors influencing its gradual decline in recent years. The study focuses on the economic reforms implemented by the government aimed at improving transparency, strengthening tax administration, promoting digitalization, and expanding financial inclusion. Particular attention is paid to the role of institutional reforms, the simplification of tax systems, the development of electronic payment systems, and the introduction of modern financial technologies in reducing informal economic activities. The research also evaluates statistical trends reflecting the decreasing share of the shadow economy in the national economy and identifies the main challenges that still hinder its complete formalization. The findings indicate that consistent economic reforms, digital transformation, and improved regulatory frameworks contribute significantly to limiting the scale of the shadow economy and increasing the efficiency of economic management. The article concludes with recommendations aimed at further reducing informal economic activities and strengthening sustainable economic development in Uzbekistan.