What are sources of public revenue?
- Direct and indirect taxation are the major sources of government revenue.
- Fees; these are charged on services rendered by the government e.g. license fee, stamp duties
- Borrowing internally or externally by selling securities or from World Bank
- Printing money by the Central Bank.
- Fines and penalties charged on law breakers such as traffic offences.
- Gifts and grants especially from abroad in form of cash and other items
- Gambling e.g. from National lottery
- Profits earned from public corporations
- Revenues from state properties e.g. forests and national parks
- Local authorities from property rates and government allocations.
CATEGORIES Economics
TAGS Dr. Bbosa Science
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