IMPORTANCE OF DIRECT AND INDIRECT TAXES IN REVENUE PART OF THE BUDGET OF THE KYRGYZ REPUBLIC

The article considers the value of direct and indirect taxes in the composition of the revenue part of the budget of the country. The basic principles of taxation and directions of tax policy are embodied in the current tax system. Its composition and structure in each country are individual. Generally recognized taxes are divided into direct and indirect. The tax system currently in force in the Kyrgyz Republic is very inconsistent and suffers from a number of fundamental flaws, each of which is subject to analysis necessary to justify appropriate reform measures. In this regard, a structural analysis of direct and indirect taxes in the budget of the Kyrgyz Republic was made. And methods of increasing the tax potential are proposed. Clearly, the growth of the revenue side of the budget is the main task of our state, and therefore great attention is paid to fiscal policy. In order to achieve an increase in budget revenues, improve tax administration and create equal conditions for all business entities, it is necessary to continue improving the tax system