Page 164 - Theoretical and Practical Interpretation of Investment Attractiveness

state budget in financial sources of investment increased from 5.2 percent in 2010 to 6.5
percent in 2020. The share of foreign investment increased from 26.4 % to 42.9 %. If we
analyze from a qualitative point of view, then during the years of deepening economic
reforms, the state forms various orders for the employment of the population, the work of
enterprises and organizations, and the sale of goods and services they produce. This will solve
both economic and social problems.
In this regard, in 2000 and in subsequent periods, the share of the state budget in the
structure of total investments was high. By 2020, the share of investment in this sector had
fallen to approximately 6.5 percent. Thanks to the adoption of targeted and targeted
investment programs in recent years, investment funds have been channeled into the economy
in a larger volume by targeted state funds.
As shown in Table 4.2.2, other sources include: off-budget special funds, loans from
commercial banks, investments made from the funds of the Development and Development
Fund of Uzbekistan, the Irrigated Land Reclamation Improvement Fund and the Children's
Fund. Sports Development Fund. Investments corresponding to this indicator in 2010
amounted to 15.9 percent. In 2020 it was 16.0 percent.
In the investment program planned for 2020, a significant part of the financing was
carried out at the expense of enterprises and the population (34.6 percent) and attracting
foreign direct investment (42.9 percent). It can be seen that the main emphasis is on increasing
the volume of enterprise funds and foreign direct investment and, as a consequence, on
modernizing technological production capacities and increasing labor productivity.
As we noted above, it has been proven that the economic development of any country
can be achieved by attracting both domestic and foreign investment into the country’s
economy. Taking into account this situation, the situation in the global investment market,
reforms adopted in order to achieve higher levels of development, developed methodological
approaches and trends will be discussed below.
State of the global investment market. In recent years, the movement of foreign
direct investment (FDI) in the international investment market has been declining from year
to year. According to the United Nations Trade and Development Organization (UNCTAD)
World Investment Report, due to the ongoing global financial crisis, foreign direct investment
in developing countries has exceeded foreign direct investment in developed countries around
the world (63 percent worldwide in 2015). Of total FDI exports and imports came from
developing countries, its share was 72 percent in 2020 173 ).

173 World Investment Report 2020 United Nations Trade and Development Report . 2021

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