the main heads of govt expenditures are DEFENCE sector, railways, imports, education, hospitals, infrasructures. the revenues earn from exports,taxes,return on facilities.
Article 266 of the constitution states the revenue collected, loans raised and income generated by the govt of India shall be kept under consolidated fund. This fund is kept at the disposal of the parliament. i.e no penny can be used without the sanction of the parliament. Also it is a constitutional fund and is also the largest fund of GoI.
injections into the circular flow of income are basically household consumers' net savings, net taxes and import expenditure. net savings from household consumers goes to the banks which in turn uses the money for investment expenditure(withdrawals) net taxes, goes to the govt which in turn uses it for government expenditure.(withdrawals) import expenditure goes abroad, and in turn uses it for export expenditure. Y= C + I + G + ( X-M)
GDP = Consumer Spending + Govt Spending + Investment Spending + Net Exports ( Exports-Imports)Add the Income by the nationals fromforeigncompanies to GDPYou get the GNP - GROSS NATIONAL PRODUCT
The fact is, that ALL of the money collected by the IRS goes to Private Banks to service loans to the govt. 100% all the income tax you give goes to the pockets of private bankers. A grand illusion is most Americans believe all the income tax goes to pay for the running of the country. NOT>> The money to run the govt, comes from private banking instiutions, who loan money to the govt. Its absurd. Its a huge ponzi scheme. Trumps Madoff. So the answer to the question "How much does the IRS collect each year?" is that it doesn't matter. Its ALL theivery. No matter if its 100 million or $1000 billion, its robbery, plain and simple. Until this robbery is stopped, it will be very difficult for America to be free again.
The revenue received by the govt. of india from all its resouerces is know as Public Revenue. There are twi types of revenues:- 1) Tax Revenue 2) Non-Tax revenue - sub-types a) Commerrcial Revenue b)Fee etc..
custom duty
to increase the income of people.it is the duty of govt
The Inuit generally do not have sources of income and rely on the government to provide necessary means.
no
Sure! Why not?
bribery, corruption etc....by entring in Govt. of Pak
nothing in this world comes free.so development results in decrease in govt funds.also govt has to take care that the income indifferences should not arise between classes of people