THE ROLE AND IMPORTANCE OF TAXES IN FORMING STATE BUDGET REVENUES

This article examines the crucial role of taxes in the formation of state budget revenues. Taxes serve as the primary financial instrument through which governments fund public goods, social services, and economic development programs. The study analyzes different types of taxes, their functions, and their impact on economic stability and growth. Special attention is given to the efficiency, equity, and sustainability of tax systems in modern economies. The paper also highlights the challenges governments face in tax collection and proposes strategies to improve fiscal capacity and ensure balanced budget formation.