The nature of budget system

Redistribution function of the value of gross domestic product. The state budget participates in the redistribution of the value of the gross domestic product created in the country and the national income included in it, having its own redistribution function. Budget revenues are generated through the payment of taxes and other mandatory tax payments from the value of GDP created as a result of such redistribution processes. Budget revenues are used as part of the centralized financial resources of the state to perform state functions. They express economic relations that arise in the process of forming monetary funds and entering the central and local budgets at the disposal of authorities at various levels. In the Republic of Uzbekistan, 18-20 percent of the country's GDP is redistributed annually through the state budget. If we count together with state funds, then today this figure is 34-35 percent.

• Redistribution function of the value of gross domestic product. The state budget participates in the redistribution of the value of the gross domestic product created in the country and the national income included in it, having its own redistribution function. Budget revenues are generated through the payment of taxes and other mandatory tax payments from the value of GDP created as a result of such redistribution processes. Budget revenues are used as part of the centralized financial resources of the state to perform state functions. They express economic relations that arise in the process of forming monetary funds and entering the central and local budgets at the disposal of authorities at various levels. In the Republic of Uzbekistan, 18-20 percent of the country's GDP is redistributed annually through the state budget. If we count together with state funds, then today this figure is 34-35 percent.

Function of regulation and economic management. Through taxes and budget expenditures, the budget serves as a decisive and important tool for regulating the economy, stimulating investment and increasing production efficiency. Budget funds support advanced sectors of the economy, such as the aviation industry, space programs and projects, the nuclear industry, energy and mechanical engineering. It is also important for the state to support projects that are highly efficient and have a quick payback. However, it should not be forgotten that the use of this function of the state budget for purposes that existed in the past and did not justify themselves, such as financial support for lagging and backward industries, seriously undermines the competitiveness of the economy and increases production efficiency.

• Function of regulation and economic management. Through taxes and budget expenditures, the budget serves as a decisive and important tool for regulating the economy, stimulating investment and increasing production efficiency. Budget funds support advanced sectors of the economy, such as the aviation industry, space programs and projects, the nuclear industry, energy and mechanical engineering. It is also important for the state to support projects that are highly efficient and have a quick payback. However, it should not be forgotten that the use of this function of the state budget for purposes that existed in the past and did not justify themselves, such as financial support for lagging and backward industries, seriously undermines the competitiveness of the economy and increases production efficiency.