THE ROLE AND IMPORTANCE OF TAXES IN FORMING STATE BUDGET REVENUES
DOI:
https://doi.org/10.55640/Keywords:
taxation, state budget, public finance, fiscal policy, tax system, economic development, government revenue, direct taxes, indirect taxes, tax administration, budget sustainabilityAbstract
This article examines the crucial role of taxes in the formation of state budget revenues. Taxes serve as the primary financial instrument through which governments fund public goods, social services, and economic development programs. The study analyzes different types of taxes, their functions, and their impact on economic stability and growth. Special attention is given to the efficiency, equity, and sustainability of tax systems in modern economies. The paper also highlights the challenges governments face in tax collection and proposes strategies to improve fiscal capacity and ensure balanced budget formation.
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References
1.A. (1974). “The Laffer Curve: Past, Present, and Future.” Heritage Foundation.
2.Romer, P. (1990). “Endogenous Technological Change”. Journal of Political Economy.
3.IMF (2023). “Fiscal Monitor: Tax Policy for Inclusive Growth”. Washington, DC.
4.OECD (2024). “Tax Policy Reforms 2024”. Paris.
5.Mertens, K., & Ravn, M. (2013). “The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States”. American Economic Review.
6.Trabandt, M., & Uhlig, H. (2011). The Laffer Curve Revisited. Journal of Monetary Economics.
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