The Ministry of Economy and Finance of the Republic of Uzbekistan was established in accordance with the Decree of the President of the Republic of Uzbekistan No. PF-269 of December 24, 2022.

The Ministry develops priorities for the socio-economic development of the country in the medium and long term, in the budget, tax and customs-tariff spheres, as well as in the financial market, insurance, citizens' rights, pension provision, accounting and financial reporting, financing of budget organizations and budget recipients, setting prices for goods and services of monopolistic enterprises, implementing the functions of ensuring the achievement of strategic macroeconomic indicators and parameters of the State budget of the Republic of Uzbekistan is the executing authority.

In its activities, the Ministry follows the Constitution and laws of the Republic of Uzbekistan, decisions of the chambers of the Oliy Majlis of the Republic of Uzbekistan, decrees, decisions and orders of the President of the Republic of Uzbekistan, decisions and orders of the Cabinet of Ministers of the Republic of Uzbekistan, as well as other legal documents.

The Ministry is a legal entity that has stamps and forms with the image of the State Emblem of the Republic of Uzbekistan and has name written in the national language, personal treasury accounts at the Treasury Service Committee under the Ministry, bank accounts, including foreign currency accounts.