Shokhjahon Elmurodov
PhD, Head of the “Finance” department, Tashkent Kimyo International University,
Tashkent, Uzbekistan
Email: sh.elmurodov@kiut.uz
ORCID: 0000-0002-0123-6408
Abstract. The shadow economy is an integral part of the economy of every developed and developing country. For this reason, it is not possible to completely eliminate the shadow economy, and the main task of research on this topic is to reduce its level, that is, its scope. This article examines the current state of the underground economy in the Republic of Uzbekistan. The method of calculating the hidden economy is shown. Based on Gutman’s relationship between cash and deposits, the level of the hidden economy was determined. The base year was 1997, when the level of hidden economic activity was zero. The size of the hidden economy in the period when the calculation of this model starts is considered equal to 0, and its growth rate is observed. At the end of the research, relevant conclusions are formed.
Key words: tax, shadow economy, public finance, financial mechanism