FUNDAMENTAL BASIS OF BUDGET REVENUES THEORETICAL ANALYSES OF FORECASTING.

This paper investigates the major points of budget revenues in inter-budgetary relations while learning methods of their forecasting. Moreover, the way of procedures on financial parts of budgetary is analyzed both theoretically and practically. Finally, outcomes of research paper are concluded and major feedbacks according to shortcomings were stated to make further investigations in the mentioned issue. National budget funds are redistributed among budgets of different levels by assigning subventions and subsidies to lower-level budgets, granting budgetary loans, and channeling budgetary funds to the higher or lower-level budget through mutual settlement schemes created during budget implementation. However, no municipal banks currently exist. The national budget is comprised of the national budget, the budget of the Karakalpak Republic and local budgets. The national budget consolidates national funds earmarked for specific purposes. The draft Law on the Budgetary System is under discussion and there is no special law on local public finances. Thus: the distribution function provides education budgetary funds (budget revenues); redistribution – use budgetary funds (budget expenditures); control - creating conditions to monitor the receipt of funds to the budget and their use. From the radical economic reforms in the period of transition to a market economy through the creation of the ultimate objectives of the economic system based on market mechanisms to achieve sustainable economic growth.