Current economic conditions of formation of budget revenues in the republic of Karakalpakstan

This scientific article is devoted to the consideration of issues of tax receipts as the major source of budget revenues in the Republic of Karakalpakstan which is northern part of our republic. In particular, the article provides analysis of shares of the tax on the use of water resources, fixed tax levied on legal entities and individuals for certain types of entrepreneurial activity, fixed tax for individuals engaged in entrepreneurial activity, and of excise tax on beer and vegetable oil in the revenues of the regional budget. Moreover, the article contains proposals to provide local budgets with subsidies for cities and districtswith subventions as well as suggestions on ensuring the growth of revenues to local budgets.