Government revenue
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Reform |
Government revenue is money received by a government. It is an important tool of the fiscal policy of the government and is the opposite factor of government spending. Revenues earned by the government are received from sources such as taxes levied on the incomes and wealth accumulation of individuals and corporations and on the goods and services produced, exports and imports, non-taxable sources such as government-owned corporations' incomes, central bank revenue and capital receipts in the form of external loans and debts from international financial institutions. The sources of finance used by the central government are mainly taxes paid by the public
Sources
Governments across the world earn "public revenue" from the following main sources:
- Tax revenue
- Non-tax revenue
- Capital receipts
See also
Notes
References
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Chisholm, Hugh, ed. (1911). "Revenue". Encyclopædia Britannica (11th ed.). Cambridge University Press.
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