Definition Of Intergovernmental Revenue In Economics

Intergovernmental transfers account for the largest amount 37 percent of general state revenue.

Definition of intergovernmental revenue in economics. About intergovernmental revenue intergovernmental revenue consists of monies obtained from other governments and can include grants shared taxes and contingent loans and advances. A survey produced quarterly by the census bureau that provides estimates of total operating revenue and percentage of revenue by customer class for communication key. For example a state government may share a portion of its highway tax receipts with the county and municipal governments within its boundaries. Barrons dictionary definition for.

Census bureau defines intergovernmental revenue as amounts received from other governments as fiscal aid in the form of shared revenues and grants in aid as reimbursements for performance of general government functions and specific services for the paying government e g care of prisoners or contractual research or in lieu of taxes excludes amounts received from other. Intergovernmental revenue is funding received from another government either in the form of a grant or as reimbursement for costs incurred. In this section we describe funding that flows from the federal government to state and local governments and from state to local governments. Revenue received from other governmental agencies and municipalities.

4 1 revenue definition revenue is defined as all amounts of money received by a government from external sources i e those. The design of these transfers is of critical importance for efficiency and equity of local service provision and fiscal health of subnational goverments. Intergovernmental revenue 2 sales tax. Intergovernmental transfers grants design intergovernmental transfers are the dominant source of revenues for subnational governments in most developing countries.

Taxing and spending by government. There are four types of revenue within general revenue sector. 2 sources for state government revenue. Funds collected by one level of government and distribute to another.