Sources of Public Revenue To Government:
Tax and Non-Tax Sources of Public Revenue To Government Post : Gaurav Akrani Date : 12/30/2010 06:11:00 PM IST
No Comments Labels : Economics
Introduction To Public Revenue ↓Governments need to perform various functions in the field of political, social & economic activities to maximise social and economic welfare. In order to perform these duties and functions government require large amount of resources. These resources are called Public Revenues.
Public revenue, consists of taxes, revenue from administrative activities like fines, fees, gifts & grants. Public revenue can be classified into two types.
1. Tax Revenue2. Non-Tax Revenuepublic revenue is the government income
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 RevenueThe revenue obtained by the government from sources other then tax is called Non-Tax Revenue.
General welfare and food stamps are just two of the public services that are made available through the revenue from taxes. Education is also another public service brought about from the revenue of taxes.
Tax exemption, restrictions on funds, and sources of revenue.
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
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.
Sources of revenue to Nigeria are petroleum, electricity and taxes
public revenue is the government income
The main sources of revenue in the 1800s-1860s were: Revenue Tariff, Land Sales, and Income Tax.
The main sources of state revenue come from personal income tax. They differ from the main sources of local revenue because states get income, property and sales taxes local governments get property taxes plus they get money from the state.
sources of government revenues
this means that the source of revenue should be sufficient to address the demands of public expenditures.
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 RevenueThe revenue obtained by the government from sources other then tax is called Non-Tax Revenue.
the sources of public revenue is tax from citizen also the government can take loans from foreign governments public revenue can also be generated from goodwills to the government and also through international trade.
Taxes
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..
The main source of local government revenue is intergovernmental transfers.