1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena-14-01-66 [18.8K]
2 years ago
8

What is the source of most of the government's revenue? How does the government develop revenue bills,

History
1 answer:
ra1l [238]2 years ago
6 0

Explanation:

For a given country, you can find the actual breakdown of its government’s revenues in the Statement of Government Operations (p. 38, IMF). This is like the government’s income statement. Some governments might give it different names and some governments might be more transparent than others.

The other answers to this question give some really good examples that I would group into five broad categories of government revenues.

Taxes. This is usually the lions share of most governments revenue. All kinds of taxes here: household and corporate income taxes, capital gains taxes, sales taxes, property taxes, value-added taxes, customs duties, any fees charged as a proportion of costs associated with providing services, etc. These do not include social contributions.

Public services. Some goods and services provided by the public sector can also generate revenue. This can include licensing bandwidth to telecommunications companies, revenues from state-owned enterprises like national mining companies in commodity-rich countries or national banks, utilities, etc. These are not always profit maximizing services and there tend to be laws or designations around where any profits from these services go.

Grants and contributions. Some governments receive grants from other governments or international organizations. This can include a government of a developing country, or a local or regional government that receives transfers from the national government. Social contributions can include voluntary or mandatory social security contributions, which by some definitions differ from taxes in that they are entitlements payed to the beneficiaries under specific events (old age, sickness).

Interest and property income. The government owns assets such as land that can often generate income through rent, for example. Some governments can act as creditors and lend money directly through public or quasi-public agencies that charge interest (usually lower than market rates). Central Banks can also buy and sell some assets and send any profit to the Treasury/Finance Ministry.

Other revenues. One time sources of revenue can include fines and penalties, sale of public assets, or lotteries.

You might be interested in
Adopted by the Second Continental Congress in 1777, the __________ was a written statement of rules and principles to guide the
Montano1993 [528]

Answer:

A. Articles of confederation is the correct answer.

Explanation:

The articles of confederation(1777) established the government for the union of thirteen colonies. As the colonies needed some form of government and written rules to govern them, the articles allowed the creation of Federal congress and was given the power to create laws, raise army and print money. The articles were prepared by a committee of thirteen men. John Dickinson authored the first draft and was the committee chairmen. The articles were first ratified by Virginia and Maryland was the last one to do so.

3 0
2 years ago
What year was napoleon born?
neonofarm [45]

Answer:

Napoleon Bonaparte:

Date of birth : August 15, 1769

3 0
3 years ago
Describe new successes of African Americans in the 1920's
marin [14]

Answer:

Well, the 1920's were when the Harlem Renaissance was. This was when African Americans celebrated their cultural pride. They rose up and became writers, inventors, actors, and singers.

Explanation:

4 0
3 years ago
Why would historians conclude that the ancient peoples of the Indus Valley were probably a peaceful civilization?
timama [110]
It might be because they did live peacfully u never know because u were not there when it happend.

7 0
2 years ago
Your friend is trying to move a couch. No matter how hard he pushes, the couch will not budge. Explain to your friend why the co
hoa [83]

Answer:

He doesn't have enough force and the mass of the couch is greater than the force. Also, friction is making his force react less therefore the couch will not move

4 0
2 years ago
Other questions:
  • How did the Seventeenth Amendment, concerning the election of U.S. Senators, match the ideals of the Progressive Era?
    14·1 answer
  • How did the Spanish benefit from their exploration of Texas?
    5·1 answer
  • Which group was set up in 1957 to investigate all claims of voter discrimination?
    10·1 answer
  • The pros and cons of imperialism in Japan? ( Japan being the imperial power
    8·1 answer
  • What was the result of referendum of 2037 BS​
    8·1 answer
  • <img src="https://tex.z-dn.net/?f=2%20%5Ctimes%202" id="TexFormula1" title="2 \times 2" alt="2 \times 2" align="absmiddle" class
    5·2 answers
  • Ibig sabihin ng sampula​
    10·1 answer
  • Why did Cuban Missile Crisis occurred
    7·1 answer
  • Why did nafta make changes to tariffs
    5·1 answer
  • 1. Tam home to Mount Everest. What feature am I?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!