The Role of Budgetary Regulation in the Management of Macroeconomic Processes and Macroeconomic Problems of Increasing Tax Revenues ofRegions

Abstract

The article examines the development of the national economy and the mechanisms of its effective  regulation by the state. Particular attention is paid to the study of the role of budgetary regulation of  macroeconomic processes. The article notes that effective budgetary regulation is, in general, the  most priority issue in the system of economic management mechanism.  The normal development of the national economy largely depends on its orderly regulation by the  state. Thus, even at the maximum level, liberalization of the economy does not deny the participation  of the state in the management of economic processes. The presence of each state's own interests and  priorities makes it necessary for the state to intervene in all spheres of public life. Modern trends in  the development of the tax system, in addition to the well-known positive components, are  characterized by an extremely uneven distribution of tax potential across the country and, as a  consequence, by different contributions of individual territorial entities to the formation of budget  revenues. As a rule, tax relations “unfold” within a specific regional economic space that has  attributive features that are essential for the dynamics of fiscal efficiency: socio-economic and  institutional heterogeneity, multi-vector trajectories and different rates of economic development.  The current situation generates additional risks that reduce the efficiency of the tax system due to the  disproportionate distribution of the tax burden, which, in turn, not only violates the principle of justice  in the territorial context, but also contributes to a decrease in the stability of tax revenue formation.