INFLUENCE OF BUDGET REVENUES ON THE SOCIO-ECONOMIC GROWTH OF REGIONS

Abstract

In the process of the emergence of free market relations in our country and the gradual transition to a market economy, the intensification of competition requires the development of a new approach and principles to the development of our country at a more stable and rapid pace. At the new stage of economic reforms implemented in our republic, there is a need to improve the state financial system in terms of content and quality based on the requirements of the time in order to increase the competitiveness of the national economy and further strengthen macroeconomic stability. Local budgets are considered a financial support for local governments in the implementation of their tasks, and their financial independence has a direct impact on the development of these regions. While thinking about the development of the regions, the President of the Republic of Uzbekistan Sh.M. Mirziyoev noted that "the local budget funds are not enough to finance the sustainable socio-economic development of the regions."