THE ROLE AND SIGNIFICANCE OF LOCAL STATE AUTHORITIES IN THE MANAGEMENT OF LOCAL BUDGETS

This article provides a comprehensive analysis of the functions of local executive authorities in the process of regulating local budgets, as well as their distinctive features. The study thoroughly examines the current legislative framework of the Republic of Uzbekistan, in particular the Budget Code dated December 26, 2013, the Law “On Local State Authority,” and other regulatory legal acts. The article offers a legal analysis of the role, powers, and responsibilities of local executive bodies in the budgetary process, as well as their interaction with other state authorities. The author gives detailed consideration to the activities of local authorities at the stages of formation, approval, and execution of local budgets, the mechanisms of budgetary control, and the system of intergovernmental fiscal relations. As a result of the research, practical proposals aimed at increasing the effectiveness of executive authorities in implementing local budget policy have been developed.