The Significance of Social Funds in Human Capital Development

Abstract

The article defines the economic nature of social funds and their place in the system of social protection of the population, provides a description of various models of social protection of the population in developed foreign countries, determines the importance of social funds in the development of human capital, an attempt is made to generalize the main reforms in the field of functioning of state extra budgetary funds social purpose in Uzbekistan. It is concluded that, to date, measures to reduce spending carried out outside the budget are a step in the right direction, but much remains to be done in this area.