What is public revenue?
direct taxes and indirect taxes(includes customs) -- both at state level and federal level.
Public Revenue is the income realized by the government for purposes of financing public administration. Public revenue may be realized from taxation of the various entities and activities within the country or from non-tax sources such as revenue from government-owned corporations, public wealth funds, grants etc.
Raising revenue for the provision of public goods (e.g., maintenance of law and order, national defense)-Is there an "optimal" way for raising the net revenue (i.e., revenue collected less the costs of collection and enforcement) necessary to support a given level of public expenditure? The "optimum" should be defined taking into account other social objectives, e.g., public health, sustainability, and externalities
Tax Revenue: Taxes are the first and foremost sources of public revenue. Taxes are compulsory payments to government without expecting direct benefit or return by the tax payer. Taxes collected by Government are used to provide common benefits to all mostly in form of public welfare services. Taxes do not guarantee any direct benefit for person who pays the tax. It is not based on direct quid pro quo principle. Non-Tax Revenue The revenue obtained…
A tariff is a tax usually imposed on imported or exported goods. That being said a 5% tariff on sugar to generate public revenue is a 5% tax imposed by the government on the company that is importing or exporting the sugar to make money for other purposes, public revenue usually means that they want to collect the tax money to use for another purpose.
The revenue source depends on what product or service a certain business offers to the public community. As they continue to sell products and render service to clients that paid for it, they generate revenue from their patrons and use that revenue to improve their product and services - to gain more revenue in the next few days or months of their business on their target industry.
Because when the govt spends more and get lesser revenue... then it highers the economy... here the Q araises How?? So the asnwer is e.g when govt spends 50,000$ and gets revenue of 30,000$, the remaining 20,000$ are equalized from funds etc... and provides more facility to the public as compare to the revenue got, increasung the economy of a country.