TAX REVENUES AND ECONOMIC GROWTH DYNAMICS IN UZBEKISTAN
Abstract
Tax revenues play a crucial role in shaping a country's economic direction. As the primary source of state income, taxes fund the government services, infrastructure, and social programs necessary for creating a conducive environment for economic growth. However, the relationship between tax policy and economic growth is complex and multifaceted. Different implementations of tax structures, rates, and policies can have varying impacts on investment, consumption, and overall economic activity. This article explores the intricate link between tax revenues and economic growth, analyzing how different approaches to taxation can either promote or hinder development. By examining theoretical perspectives and empirical evidence, this study seeks to shed light on what optimal tax strategies can be developed to foster sustainable economic growth while ensuring fiscal stability.
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