THE FISCAL IMPORTANCE OF TAXES IN STATE BUDGET REVENUES AND THEIR ROLE IN ENSURING ECONOMIC STABILITY

The state budget is one of the most important tools ensuring a country's financial stability. Taxes play an irreplaceable role in forming budget revenues, as they serve as the main financial resource for implementing the state’s social, economic, and fiscal policies. The economic stability and social development of any state are directly linked to the revenues collected through taxes. Therefore, effectively organizing the tax system and managing it properly is of strategic importance for the state. Taxes act as a stable and consistent source of revenue for the budget and play a key role in maintaining macroeconomic balance. Through taxes, the state finances social sectors, develops infrastructure, and supports education and healthcare systems. Furthermore, taxes serve as a tool to stimulate economic growth and maintain price stability. For example, taxes such as income tax or value-added tax (VAT) not only generate revenue for the budget but also influence consumption and production processes.