Assessment of Factors Affecting Optimal Tax Burden and Tax Revenues in RA

Abstract

The purpose of the article is to identify the factors affecting the optimal tax burden and tax revenues of RA and evaluate their impact. The tasks of the work are to identify the range of factors affecting the optimal tax burden and tax revenues, to evaluate their impact and transmission mechanisms using econometric models. The analyzes in the work were carried out using statistical and econometric methods, the version of the Laffer curve, modified by Balatsky. As a result of the study, it was revealed that the evaluation results show that RA economic growth, other things being equal, will reach its maximum value when the tax burden is 20.9-21.9 %, which we considered as the optimal tax burden range. The government's final consumption expenditure does not ensure a sufficient level of economic growth or a continuation of high growth. The assessment of the impact of indicators determining GDP growth on tax revenues shows that the indicators determining GDP growth, in general, also have a significant impact on tax revenues.