INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE
ISSN: 2692-5206, Impact Factor: 12,23
American Academic publishers, volume 05, issue 03,2025
Journal:
https://www.academicpublishers.org/journals/index.php/ijai
page 1459
ISSUES OF EFFECTIVE ORGANIZATION OF THE EXECUTION OF LOCAL
BUDGET REVENUES AND EXPENDITURES
Kadyrov Vahid Marimbayevich
Urgench State University named after Abu Raykhan Beruni
Senior Lecturer, Department of Business and Management
Candidate of Technical Sciences
Ibragimov Bahrom Bahodirovich
Urgench State University named after Abu Raykhan Beruni
Teacher of the Department of Business and Management
Abstract:
This article discusses ways to rationally distribute state budget revenues and
expenditures between budgets in our country, in particular, the distribution of taxes between
budgets and the distribution of budget revenues in the form of targeted transfers.
Keywords:
income, inter-budgetary relations, tax, subventions, transferred income, subsidy,
inter-budgetary settlements, targeted social transfers.
Introduction
In the process of establishing free market relations and gradually transitioning to a market
economy in our country, the intensification of the problem requires the development of new
market relations for the further development and rapid development of our state. In the new stage
of economic reforms being implemented in our republic, there is a need to improve the state
finance system in terms of content and quality in line with modern requirements in order to
increase the competitiveness of the national economy and further strengthen macroeconomic
stability. Local budgets are considered a financial support for local khokimiyats in implementing
their tasks, and their financial independence directly affects the development of these regions.
Reflecting on the development of regions, the President of the Republic of Uzbekistan Sh.M.
Mirziyoyev noted that “local budgets are not enough to finance the sustainable socio-economic
development of regions”[1]. Measures taken to increase the independence of local budgets and
strengthen the revenue base, identify additional sources of income, as well as attract additional
resources for the implementation of social projects have had a positive impact on the
implementation of the State Budget parameters. Today, based on the real capabilities of the
regions, studying the existing problems awaiting solution and the actual state of affairs in the
fields, special attention is paid to the forecasts of the country's main macroeconomic indicators
for the coming year, the parameters of budget revenues and expenditures, and their inter-budget
distribution.
Analysis of literature on the topic
The issues of inter-budgetary distribution of state budget revenues and effective
management of local budgets were studied in the scientific works of foreign scientists E.A.
Morozova and Y.N. Lyubimsev [2; 3]. Also, the formation of state budget revenues of the
Republic of Uzbekistan, methods of their inter-budget distribution, and the importance of local
INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE
ISSN: 2692-5206, Impact Factor: 12,23
American Academic publishers, volume 05, issue 03,2025
Journal:
https://www.academicpublishers.org/journals/index.php/ijai
page 1460
budgets in the socio-economic development of regions are covered in the works of economists of
our republic, T. Malikov, N. Khaydarov, and A. Islamkulov[4;5].
Analyses and results
State budget revenues can be classified according to their sources, socio-economic nature,
form of ownership, type of taxes and fees, form of receipt of funds, methods of their collection
into the budget, etc.
Although the system of inter-budgetary relations at the central level in our republic has
been relatively stabilized, there are problems in the system of inter-budgetary relations at the
local level that are awaiting resolution. Especially in our regions with relatively high economic
potential, the existence of districts and cities in need of targeted budget transfers requires
systematic strengthening of reforms in this area.
Attached
Local taxes and fees
Regulator
Taxes allocated to the republican budget
Own income
General state taxes, which are fully transferred
to local budgets
Financial transfers
Balancing transfers for the use of local budgets
In practice, local budget revenues consist of own revenues, assigned revenues, regulatory
revenues, and financial transfers (Figure 1). The lack of own revenues of local budgets leads to
the use of assigned and regulatory revenues.
Figure 1. Structure of local budget revenues The Law of the Republic of Uzbekistan “On
the State Budget of the Republic of Uzbekistan for 2021” of December 25, 2020 sets out the
specific features of regulating inter-budgetary relations, in particular, the formation of revenues
of the budget of the Republic of Karakalpakstan, local budgets of regions and the city of
Tashkent, budgets of districts and cities for 2021, and according to it, it was determined that
several types of taxes will be transferred in full to the budgets of districts and cities, the budget
of the Republic of Karakalpakstan, regional budgets and the budget of the city of Tashkent.
Article 134 of the Budget Code of the Republic of Uzbekistan lists the forms of
interbudgetary transfers, which are implemented in the form of subventions, transferred income,
subsidies, funds from budget loan settlements, regulatory interbudgetary transfers, and targeted
social transfers.
In the context of globalization, research in the field of public finance management
focuses on scientifically based determination of sources of revenue for budgets of the budget
system, regulation of inter-budgetary relations through taxes, distribution of taxes between
budgets of different levels, and allocation of budget transfers to increase the level of budget
provision of regions. Work is being carried out in such areas as achieving inter-budgetary
balance by improving the tax system, organizing the conduct of independent budget and tax
policies by local government bodies, increasing the level of financial independence of local
budgets, conducting an effective fiscal policy to generate state budget revenues and additional
sources, and distributing taxes in inter-budgetary relations on a proportional basis.
INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE
ISSN: 2692-5206, Impact Factor: 12,23
American Academic publishers, volume 05, issue 03,2025
Journal:
https://www.academicpublishers.org/journals/index.php/ijai
page 1461
CONCLUSION
Inter-budgetary relations, by their nature, imply a separate stage in the process of budget
formation and implementation, which is the core of the state financial system. The content of
these relations is determined by the objective function of this stage, that is, the redistribution of
financial resources with the participation of state budgets of different levels, adequate to the
method of organizing state power and management.
In the above case, this occurred due to the full transfer of state taxes and other revenues,
including a tax on the use of water resources, a fixed tax levied on legal entities and individual
entrepreneurs for certain types of business activities, an excise tax on locally produced beer and
vegetable oil, state duties, fees, and fines to local budget revenues.
In order to increase the stability of local budget revenues and ensure their independence,
tax allocations are being transferred to the regional budgets of the regions in accordance with the
budget legislation. It should be noted that ensuring the balance of local budgets requires that
their revenues be proportional to their expenses, and analyzing the structure of expenses and
optimizing them on this basis plays a decisive role in increasing the independence of local
budgets.
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