Role and significance of financial standards in forecasting tax revenues to the budget

The article discusses the theoretical aspects of the norms and standards used in the preparation of the draft state budget. The author describes the distinctive features of the application of the normative method, gives a legislative definition of subsidies, subventions that regulate state budget revenues, interbudgetary transfers, sets out the procedure for establishing tax rates, standards for deductions from tax revenues to lower budgets, in the conditions of the Republic of Uzbekistan. According to the author of the article, rationing can be considered as the principles of taxation, a method of drafting the state budget, forecasting tax revenues, and regulating interbudgetary relations.