Analysis of Budgeting-Based Management Mechanisms on the Example of Joint-Stock Companies in Uzbekistan

This article analyzes the formation, practical application and effectiveness of budgeting-based management mechanisms on the example of joint-stock companies in Uzbekistan. The study examines the interrelationship of planning, consolidation, approval and execution stages, as well as their integration with KPI-panels, sustainable development indicators and investment programs on the example of “Andijan Dori-Darmon” JSC, “Uzsuvta'minot” JSC, “Hududgazta'minot” JSC and Hududiy elektrіk tserlyari JSC. The article substantiates the role of the budgeting process as a management mechanism that harmonizes strategic and operational decisions. The results show that the budgeting system allows for strengthening financial discipline at the enterprise level, effective use of resources and coordination of shareholder interests.