Department of economics couse work from economics

THE REPUBLIC OF UZBEKISTAN HIGHER AND SECONDARY MINISTRY OF SPECIAL EDUCATION TASHKENT INSTITUTE OF FINANCE



DEPARTMENT OF ECONOMICS
COUSE WORK FROM ECONOMICS
THEME:_____________________________________________________________________________________________________________

DONE BY:_________________________________
SUPERVISER:_______________________________


TASHKENT-2022

Plans:
Theme: Privatization and management of state property in Uzbekistan
Introduction
1. Privatization and its implementations in Uzbekistan.
1.1 Objects and subjects of privatization.
1.2 Privatization and foreign investment.
2. Managing process of state property in Uzbekistan
2.1 Resolution of state committee of the republic of Uzbekistan
on management of the state owned property
2.2 National standards of republic of Uzbekistan of property assesment.
Conclusion


Introduction
In this coursework I will try to explain the main features of privatization and managing process of state property. At first , I’m going to give a definition to the privatization. Privatization describes the process by which a piece of property or business goes from being owned by the government to being privately owned. In other words government give their own business or companies to the private sectors. In general, two main sectors compose an economy: the public sector and the private sector. Government agencies generally run operations and industries within the public sector.
The public sector includes public schools and universities, the police and firefighter departments, the national park service, and the national security and defense services.
Enterprises not run by the government comprise the private sector. Private companies include the majority of firms in the consumer discretionary, consumer staples, finance, information technology, industrial, real estate, materials, and healthcare sectors.
Proponents of privatization argue that privately-owned companies run businesses more economically and efficiently because they are profit incentivized to eliminate wasteful spending. Furthermore, private entities don’t have to contend with the bureaucratic red tape that can plague government entities. On the other hand, privatization naysayers believe necessities like electricity, water, and schools shouldn’t be vulnerable to market forces or driven by profit. In certain states and municipalities, liquor stores and other non-essential businesses are run by public sectors, as revenue-generating operations. In our country also private sectors take a possession in health system in example for this we can see private clinics. And private schools, private kinder gardens, private universities becoming popular among us. All of these are can be examples of developing process of the privatization.
There are also managing process of state property which open us a big information about government properties. . State property are property formed by or derived from the State budget, property over which state ownership has been established by law, land, forests mountains, rivers, lakes, water resources, underground natural resources, sea, continental shelf and air space resources. The State property in the administrative and non- business sector must be used for the right purposes and in accordance with regulations, criteria and quotas; they must not be used for personal, business and other purposes, except otherwise provided for by law.
The Action Strategy for the five priority areas of development of the Republic of Uzbekistan for 2017-2021 also set the goal of gradually reducing state participation in the economy. Accordingly, on January 14 this year, the Presidential Decree "On measures to radically improve the system of management of state assets, antitrust regulation and the capital market" was adopted. Over the past year, some work has been done to effectively manage the state's share in the charter capital of enterprises and to rehabilitate economically insolvent enterprises. According to the analysis, today there are 2,819 state-owned enterprises in the country. Most of them can't even pay dividends because they work in the old way, inefficiently.
The president was critical of the situation.
- We maintain state participation in areas where there is no need. There have been no significant changes in the management of state-owned enterprises, increasing their efficiency and transferring their functions to the private sector, - said Shavkat Mirziyoyev.¹