IMPLEMENTATION OF PUBLIC DEBT AND INFLATION IN THE UZBEKISTAN ECONOMY BASED ON INTERNATIONAL EXPERIENCE

Abstract

This article analyzes the international experience of the interaction between public debt and inflation from both theoretical and empirical perspectives. The study examines the dynamics of public debt and inflationary processes in developed and developing countries, assessing the role of fiscal-monetary coordination in maintaining macroeconomic stability. International evidence suggests that the impact of public debt on inflation is not automatic or linear but depends on the method of deficit financing, the degree of debt monetization, central bank independence, and institutional quality. In some countries, fiscal dominance and excessive debt accumulation have intensified inflationary pressures, while in others, prudent debt management and credible monetary policy frameworks have helped contain inflation