Intergovernmental Revenue Definition Economics

Funds collected by one level of government that are distributed to another level of government for spending largest source of state revenue.

Intergovernmental revenue definition economics. A close second is sales tax. Chapter 9 economics sources of government revenue vocabulary 37 terms. A relatively high tax designed to raise revenue and reduce consumption of a socially undesirable product such as liquor or tobacco. 4 1 revenue definition revenue is defined as all amounts of money received by a government from external sources i e those.

Chapter 9 economics sources of government revenue vocabulary 37 terms. There are four types of revenue within general revenue sector. Technically revenue is calculated by multiplying the price p of the good by the quantity produced and sold q in algebraic form revenue r is defined as r p q. For example a state government may share a portion of its highway tax receipts with the county and municipal governments within its boundaries.

Revenue in economics the income that a firm receives from the sale of a good or service to its customers. 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. About intergovernmental revenue intergovernmental revenue consists of monies obtained from other governments and can include grants shared taxes and contingent loans and advances. Taxes intergovernmental revenue current charges and miscellaneous general revenue.

The sum of revenues from all products and services that a company produces is called total revenue tr. Intergovernmental revenue is funding received from another government either in the form of a grant or as reimbursement for costs incurred. 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. By taking advantage of the exogenous shock induced by china s corporate tax income revenue sharing reform in 2002 i find that the local governments would increase tax enforcement on local business tax and surcharges bts to.

This paper provides empirical evidence on how intergovernmental revenue relations would affect governments incentives on tax enforcement in a developing country. Learn vocabulary terms and more with flashcards games and other study tools.