Article

The Role of National Direct Taxation in Ensuring Macroeconomic Stability and Public Finance Sustainability

SAMIEV SARDOR ISKANDAROVICHActing professor at Department of Finance and Banking, Karshi State Technical University, UzbekistanKupaysinov BehruzMaster's degree in corporate finance and securities markets, Karshi State Technical University, Uzbekistan

European International Journal of Multidisciplinary Research and Management Studiesjournal2026

ABI

Abstract

This paper investigates the structural significance of direct taxation—specifically Corporate Income Tax (CIT) and Personal Income Tax (PIT)—in the formation of state financial resources. In the context of global economic shifts, the stability of public finance relies heavily on the elasticity and reliability of tax revenues. Through a quantitative analysis of fiscal indicators, this study demonstrates that direct taxes serve not only as a revenue generator but also as a fundamental tool for wealth redistribution and counter-cyclical economic regulation. The findings suggest that a robust direct tax framework reduces budget volatility and strengthens the sovereign credit rating of a nation.

Topics

Fiscal Policies and Political Economy Local Government Finance and Decentralization Fiscal Policy and Economic Growth

Identifiers

DOI: 10.55640/eijmrms-06-04-12

Citations and references

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