ENSURING MACROECONOMIC STABILITY THROUGH EFFECTIVE TAXATION
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Abstract
This article explores the critical role of effective taxation in ensuring macroeconomic stability, with a specific focus on the case of Uzbekistan. It discusses the theoretical foundations of tax systems, their influence on fiscal discipline, and their importance in supporting sustainable economic growth. Drawing on recent tax reforms and international principles, the study evaluates the impact of tax revenues, inflation, and government expenditure using an econometric model. The results confirm a strong positive correlation between tax revenues and GDP growth, highlighting the strategic value of taxation beyond revenue generation.
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References
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