THE ROLE OF TAXES IN ENSURING THE FINANCIAL SUSTAINABILITY OF REGIONS
DOI:
https://doi.org/10.5281/zenodo.20057773Keywords:
taxes, financial sustainability, regional budgets, tax policy, tax revenues, intergovernmental fiscal relations, regional economy, budget security, financial independence, tax administration.Abstract
This article examines the role of taxes in ensuring the financial sustainability of regions under modern economic conditions. The study highlights the importance of tax revenues as the primary source of regional budget formation and socio-economic development. It analyzes the mechanisms of tax regulation, intergovernmental fiscal relations, and the impact of tax policy on the level of regional financial independence. Particular attention is given to issues such as unequal tax potential among regions, dependence on intergovernmental transfers, and the need to improve tax administration systems. The research also explores international experience in strengthening regional financial sustainability through effective tax policies. The findings indicate that improving the efficiency of the tax system contributes to strengthening the revenue base of regional budgets, increasing investment attractiveness, and ensuring sustainable economic development of territories.
References
1.World Bank. Public Finance Review 2024: Regional Fiscal Sustainability and Tax Policy. Washington, DC, 2024.
2.Organisation for Economic Co-operation and Development. Fiscal Decentralisation and Regional Development Report 2024. Paris, 2024.
3.International Monetary Fund. Government Finance Statistics Yearbook 2024. Washington, DC, 2024.
4.Asian Development Bank. Fiscal Sustainability and Local Government Finance in Asia 2023. Manila, 2023.
5.United Nations Conference on Trade and Development. Economic Development and Fiscal Policy Report 2024. Geneva, 2024.
6.European Commission. Regional Tax Policy and Sustainable Development in Europe 2024. Brussels, 2024.
7.World Economic Forum. Future of Taxation and Regional Economic Stability 2024. Geneva, 2024.
8.Central Bank of the Republic of Uzbekistan. Financial Stability Review. Tashkent, 2024.
9.Ministry of Economy and Finance of the Republic of Uzbekistan. Regional Economic Development Indicators 2024. Tashkent, 2024.
10.State Tax Committee of the Republic of Uzbekistan. Annual Report on Tax Administration and Budget Revenues. Tashkent, 2024.
11.Statistics Agency under the President of the Republic of Uzbekistan. Statistical Review of Regions of Uzbekistan 2024. Tashkent, 2024.
12.Tashkent State University of Economics. Regional Finance and Tax System Development. Tashkent, 2023.
13.Samarkand Institute of Economics and Service. Modern Trends in Regional Tax Policy. Samarkand, 2024.
14.Fiscal Institute under the Ministry of Economy and Finance of Uzbekistan. Fiscal Policy and Regional Budget Sustainability. Tashkent, 2023.
15.Research Institute for Macroeconomic and Regional Studies. Regional Economic Growth and Tax Potential in Uzbekistan. Tashkent, 2024.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.
