TAX ARREARSNING MACROECONOMIC THEORETICAL FOUNDATIONS AND ITS RELATIONSHIP WITH STATE BUDGET STABILITY

Abstract

This article provides a comprehensive analysis of the macroeconomic theoretical foundations of tax arrears and their relationship with government budget stability. Tax arrears are examined as a significant fiscal risk factor, and their interactions with macroeconomic cycles, public debt dynamics, and fiscal sustainability mechanisms are theoretically justified. The study discusses the concept of fiscal sustainability, theories on the impact of debt on macroeconomic stability, institutional features of tax policy that encourage debt accumulation, and the concept of revenue sustainability. Furthermore, the paper highlights the role of tax arrears in weakening the government revenue base, widening fiscal gaps, and increasing vulnerability to macroeconomic shocks.
The findings of the research contribute to the development of theoretical conclusions and policy implications aimed at improving tax debt management mechanisms and strengthening budgetary stability.