Main Directions in Improving State Budget Policy Yarmatov Sharofiddin Choriyevich

Suggestions and Conclusions

In the context of economic liberalization, we can see that the large-scale reforms in the budget and tax system in our country provide effective protection of the population, as well as tax and customs benefits for businesses. Through the state budget, the gross domestic product and national income created in society are redistributed. The redistribution of GDP stems from the general needs of society: education, health, economic and political stability in the country, financial support for the needy, peace, security of borders and the availability of state reserves for emergencies. . It also has the financial support to influence the process of social reproduction of society through the state budget. In general, based on all the above considerations, the implementation of the following activities can lead to a more efficient operation of the budget:

The optimal system of direct and indirect taxation, which ensures the regular and timely collection of funds to the budget, should be considered as an improved tax system;

Support of small business and entrepreneurship by improving the collection of direct and indirect taxes and reducing the tax burden by increasing the number of taxable items;

Effective implementation of fiscal policy aimed at strict compliance with the implementation of budget expenditures within the established parameters;

In order to strengthen the link between the planning of state budget expenditures and the emerging economic situation and areas of economic policy, increase the cooperation of relevant agencies and make the necessary changes in the legislation;

Implementation of cost planning methods based on world experience;

It is necessary to widely use the best practices of leading foreign countries in the field of value added tax in the context of our country.

In addition, in the current situation, it is important to properly allocate state budget expenditures. An increase in health and social spending expenditures without the expected amount of budget revenues could lead to a higher-than-expected deficit at the end of the year. In this regard, it is expedient to finance budget expenditures by attracting soft and long-term loans from international financial institutions.