Definition For Government Revenue
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Ir includes paying salaries to police civil officers and other government servants.
Definition for government revenue. Revenue is an important source of funds for the government besides income tax. Government revenue definition of government revenue by the free dictionary. They are the charges imposed on persons as a punishment for contravention of a law. The main purpose of these is not to raise revenue from the public but to force them to follow law and order of the country.
Revenue definition the income of a government from taxation excise duties customs or other sources appropriated to the payment of the public expenses. Definition of general government revenue. Seignorage is one of the ways a government can increase revenue by deflating the value of its. Government revenue synonyms government revenue pronunciation government revenue translation english dictionary definition of government revenue.
The financial gain accruing over a given period of time tax. In many cases the most important of these by far is taxation. Information and translations of government revenue in the most comprehensive dictionary definitions resource on the web. Here are explain the concept of public revenue.
Meaning of government revenue. Governments collect revenues mainly for two purposes. Other articles where government revenue is discussed. Taxes are government s biggest source of revenue without the collection of taxes no country can be run.
Taxes are the monies that you are required by law to pay to the government according to the amount of income money you receive the property you have etc. These funds from different types of revenue sources help governments to run smoothly and effectively. To finance the goods and services they provide to citizens and businesses and to fulfil their redistributive role. Comparing levels of government revenues across countries provides an indication of the importance of the government sector in the.
Taxes are what the government uses to pay for public services. Governments however also have recourse to raising funds through the sale of their goods and services and because government. What does government revenue mean. Government revenue as well as government spending are components of the government budget and important tools of the government s fiscal policy.
The government also earns revenue from the production of commodities like steel oil life saving drugs etc. Governments acquire the resources to finance their expenditures through a number of different methods.
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