Government Revenue
Sources of revenue:
a) Taxation
• Compulsory contribution imposed by government on the individual and institutions
• Major source of government revenue
• Direct and indirect taxes
b) Borrowing
• Government borrows from institutions within the country (internal debt) and outside the country (external debt)
c) Economic activities of government
• Sale of goods and services to general public
d) Fees and Fines
• E.g. licence fees, fine for violation of traffic rule
e) Printing Of New Notes
• Seldom used because it tends to be inflationary
Government Expenditure
2 types of government expenditure: -
a) Ordinary Expenditure
b) Development Expenditure
a) Ordinary Expenditure:
It is incurred in day-to-day routine work and is recurrent year after year.
i. Common Services: expenses incurred by the various departments and ministries.
ii. Expenditure on the public debt: servicing of internal and external debt i.e. interest payments and money repayment.
iii. Defence, police and justice: cost of maintaining police and armed forces and law courts.
iv. Social and the community services: expenditure on education, health, social welfare and public works.
v. The Economic Services: promotion of productivity and economic growth in various sectors e.g. manufacturing, transport, construction, communication and public utilities.
Expenditure incurred for purpose of economic & social development e.g. building of schools, hospitals, roads and express ways, drainage and sewerage systems, development of residential estates.
Email based economics assignment help - homework help at TutorsGlobe
Are you searching economics tutor for help with Role of Government questions? Role of Government topic is not easier to learn without external help? We at www.tutorsglobe.com offer finest service of economics homework help and economics homework help. Live tutors are available for 24x7 hours helping students in their Role of Government related problems. We provide step by step Role of Government question's answers with 100% plagiarism free content. We prepare quality content and notes for Role of Government topic under economics theory and study material. These are avail for subscribed users and they can get advantages anytime.
Why TutorsGlobe for Fiscal Policy homework help
tutorsglobe.com life cycle of a phage assignment help-homework help by online viruses tutors
tutorsglobe.com direct elisa assignment help-homework help by online elisa tutors
Theory and lecture notes of Adaptive Expectations all along with the key concepts of adaptive expectations, Long Run under Adaptive Expectations, Static Expectations. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Adaptive Expectations.
tutorsglobe.com public expenditure assignment help-homework help by online subject matter of public finance tutors
Demography tutorial all along with the key concepts of Methods of data collection, Direct data, Indirect methods, Science of population and size of population
process costing - operating costing - cost accounting has been conventionally related with manufacturing companies.
Phylum Porifera tutorial all along with the key concepts of Features of Phylum Porifera, Categorization of Poriferas, External Organizations of Porifera, Ecological Adaptation of Porifera and Adaptation of Leucosolenia
Introduction to Marginal Costing and Break Even Analysis - Marginal Costing is not a technique of costing such as job, batch or contract costing. It is actually a method of costing where only variable manufacturing costs are taking into account when determining the cost of goods that are sold and also for valuation of inventories.
Basic Petroleum refining tutorial all along with the key concepts of Separation into Components, Fractional Distillation and Vacuum Distillation, Absorption and Stripping, Solvent Extraction and Adsorption, Thermal Diffusion and Crystallization, Cracking and Fluid Catalytic Cracking
tutorsglobe.com position of stamens assignment help-homework help by online sterile stamen tutors
tutorsglobe.com construction assignment help-homework help by online am radio receiver tutors
standardization of non-standard solution tutorial all along with the key concepts of acid-base titration, indicators, ph scale, choice of indicator in acid-base titrations, wrong use of indicator, problem solving in acid-base titration, calculation of molar concentration
Avail the topmost Solid State Physics-II Assignment Help at feasible prices with 24/7 support for securing high grades.
www.tutorsglobe.com offers fiscal policy assignment help, fiscal policy homework help, aims and effects of fiscal policy, limitation of fiscal policy.
Roles of dna and rna tutorial all along with the key concepts of Difference between DNA and RNA, Similarities between DNA and Rna, Function and roles of DNA, Function and roles of RNA, Major functions of tRNA
1964936
Questions Asked
3689
Tutors
1444257
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!