Features of application of restructuring mechanism in the region

Prospects for restructuring in regions and innovative ways of implementing them are outlined, taking into account the requirements of innovative development. Practical suggestions and recommendations have been developed to achieve economic growth and increase efficiency by improving the mechanism of restructuring the regional economy. In particular, if restructuring of economically insolvent enterprises aims at financial and economic recovery, it envisages a systematic transformation of enterprises in a sustainable activity phase into market changes. At the same time, reforms in the regional classification mean not only the development of an independent economic system formed within the regional context, but also the management of micro processes. In a word, all tax revenues, except for the above two types of tax revenues, remain in the regional economy. In view of the above, the need to restructure the economy of Namangan is based on the diversification of the regional economic sectors, including industrial production, strengthening of integration processes between the sectors of the economy, and further strengthening of financial stability. In this case, the restructuring process will include: improving the structure and management functions; elimination of technological backwardness of economic activity; improvement of financial and economic policy. The process of deepening the economic reforms of the country demonstrates the need for a comprehensive and uninterrupted continuation of the structural transformations and diversification processes carried out in the national economy.

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