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“JOURNAL OF SCIENCE-INNOVATIVE RESEARCH IN
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“JOURNAL OF SCIENCE-INNOVATIVE RESEARCH IN
UZBEKISTAN” JURNALI
VOLUME 1, ISSUE 7, 2023. OCTOBER
ResearchBib Impact Factor: 8.654/2023 ISSN 2992-8869
145
transferring tasks to the private sector optimization, development of new industrial
lines and private strengthening of the financial situation of the sector, as well as its
country factors such as the increase in its role and share in the economy had a
significant impact.
State budget revenues in the context of economic modernization.There are
scientific and theoretical views on the role of direct taxes in the formation. For
example, achieving stability of budget revenues, direct and indirect taxes ensure
balance between incomes, at the same time, the budget who are waiting for a solution
to increase the stability of direct tax revenue in their incomes are considered as
urgent issues. Indeed, the mechanism of the country's financial system.Among the
reforms being implemented in the areas of improvement, the tax burden legally
reduce the level, determine the optimal tax burden and it the state and taxpayers are
equally interested in keeping it in practice. Because, If the optimal tax burden
stimulates the financial and economic activity of enterprises, the state provides
constant income for the budget.
Financial policy on the principle of determining the prospects for budget
revenues, the prospects for the socio-economic development of the country in the
basic economy, is developed within the framework of a correct and clear definition
and objectives aimed at ensuring the effectiveness of strategies and implemented
reforms. This is also considered to be somewhat understandable, convenient and
acceptable. In developed countries, many developing countries are seeking to
improve the functioning mechanism of the country's financial system by in-depth
study of the extensive and rich experience collected to develop ways of its
application in the economy. Including finance in the Republic of Uzbekistan, today
the directions for improving the mechanism of operation of the system are paying
serious attention to the development of forecasts based on the future. In short, there
is a rapid development of economic processes. depends on the financial sector. All
processes of reproduction involve money as the main instrument in the stages.
Finance is a major part of the economy It will not be wrong to say that it is one of
the pillars because it is a tool for a specific purpose. Target funds are created for
economic development and distributed to meet the needs of society. Faces the
financial system (personal finance), between governments (public finance) and
businesses (corporate finance). consists of capital flows occurring. In modern
financial systems, money and credit are used as financial instruments of exchange.
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