Open AccessPLACE OF CUSTOMS PAYMENTS IN THE COUNTRY'S BUDGET
Author(s) -
T.M. Asanaliev,
K. Stalbek uulu,
A.K. Toktalieva
Publication year - 2020
Publication title -
vestnik kyrgyzskogo gosudarstvennogo universiteta stroitelʹstva, transporta i arhitektury im.n.isanova/n.isanov atyndagy kyrgyz mamlekettik kuruluš,transport žana arhitektura universitetinin žarčysy
Language(s) - English
Resource type - Journals
eISSN - 1694-8181
pISSN - 1694-5298
DOI - 10.35803/1694-5298.2020.2.319-324
Subject(s) - accession , protectionism , customs union , business , international trade , domestic market , payment , order (exchange) , government (linguistics) , transfer payment , international economics , economics , european union , market economy , finance , linguistics , philosophy , welfare
In a market economy, the role of customs payments is great and their functions are diverse. These functions are closely related to the country's economy. To fulfill the fiscal function, the customs authorities transfer to the budget an amount that is approximately 30-35% of the total income of our state, more precisely, it goes to the budget with over 42 billion soms per year. Also, in order to protect domestic producers, the domestic market and preserve the stability of the country, the Government of the Kyrgyz Republic issues appropriate decrees aimed at regulating the import and export of goods by increasing or decreasing the rates of import customs duties. This is the protectionist function of customs payments. Examples are the introduction of regulations on imported sugar products, the introduction of customs duties on agricultural products - corn, barley. The accession of the Kyrgyz Republic to the WTO in 1998 created favorable conditions for the rapid development of foreign trade. On this basis, the number of agreements concluded by foreign trade entrepreneurs of the Kyrgyz Republic with foreign partners is growing every year. This, of course, will strengthen the Kyrgyz Republic's ties with foreign countries and strengthen the unity of the two peoples.