THE ROLE OF EXCISE TAXATION IN THE FORMATION OF BUDGET REVENUES IN UZBEKISTAN

The article examines the features of excise tax application in Uzbekistan's economy. During the "preparatory phase" of a country's accession to the World Trade Organization (WTO), governments typically revise their excise tax system to adapt it to the requirements of the organization. A forecast for revenue to the State Budget until 2030 years has been developed through the adjustment of excise tax rates. Revenue from excise taxes in Uzbekistan is expected to continue growing in the future if current demographic trends persist, unrecorded consumption decreases, and excise tax rates are carefully optimized, especially on high-income products. GDP is observed as a negative coefficient in 2 models, which may be related to a shift in consumption models (for example, towards informal channels) as incomes increase. The ways for modernizing excise tax in the national economy are justified. Recommendations for improving excise taxation are also provided. To reduce the negative health effects for individuals engaged in gambling and to increase budget revenues, it is proposed to introduce a tax on gambling activities.