Panjiyevich, Umarov Umid (2026) Economic Efficiency of Public Participation and Oversight in the Budget Process. American Journal of Economics and Business Management, 9 (6). ISSN 2576-5973

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Abstract

This article theoretically and empirically examines the impact of public participation and oversight in the budget process on the economic efficiency of public spending. Public participation is assessed as a mechanism for aligning budget allocations with citizens’ actual needs, reducing information asymmetry, improving the targeting of public expenditure, and strengthening public oversight over project implementation. Drawing on studies by Uzbek, Russian, European, and American scholars, the article systematizes the effects of public participation on allocative efficiency, the quality of public services, social welfare, and budget accountability. The study proposes the introduction of a Public Participation Budget Efficiency Index (JIBSI), stronger public acceptance procedures after project completion, a “Budget Outcome Passport” for participatory-budgeting projects, assessment of territorial participation efficiency, and calculation of a budget multiplier for partnership-based co-financing. These proposals shift the evaluation focus from participation volume to measurable public value and fiscal outcomes.

Item Type:	Article
Uncontrolled Keywords:	budget process, public participation, public oversight, participatory budgeting, OpenBudget, budget efficiency, allocative efficiency, transparency, accountability, partnership-based co-financing, local budget, public opinion
Subjects:	H Social Sciences
Depositing User:	admin eprints
Date Deposited:	30 Sep 2026 09:08
Last Modified:	30 Sep 2026 09:08
URI:	http://eprints.umsida.ac.id/id/eprint/17147

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