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]
3 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]3 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
The characteristics of the perfect city-state were detailed in what book?
Schach [20]
B. the Republic. found it on google.
3 0
3 years ago
The persons whose teaching founded )started) the religion of islam he said he had a vision from allah
butalik [34]

Muhammad he taught that there was no other god than Allah.

6 0
3 years ago
Which of the following best describes the effect of religion on medieval europe
Studentka2010 [4]
<span>B. A shift from politically active religions to nonpolitical </span>
8 0
4 years ago
How were the political structures of the Jamestown and Plymouth colonies different?
GaryK [48]
Basically both these regions, Plymouth and Jamestown had their locals as Indians. The differences, however, were those of the people who later on came to the region. In Jamestown, it was Europeans and in Plymouth it was Pilgrims. In Jamestown the conflicts were on the economical issue while in Plymouth, it were on economy and religion as well. In Jamestown, the Europeans were dependant on Indians because they could not cultivate land whereas in Plymouth, the Pilgrims were not dependant on Indians since they could cultivate the land. In Jamestown, there was no killing or barbarism whatsoever since the Indians were so generous and even though Europeans hated them, still there was no such thing. In Plymouth, the Pilgrims killed Indians for various reasons and enjoyed the fact they were slowly taking over the whole region with their power. There was a time when a disease badly hit the Indians of Plymouth and because their state was already low, they faced a lot of problems at that time.
4 0
3 years ago
Read 2 more answers
Which kingdom rose to power in modern day Ethiopia after defeating the Kush civilizations?
azamat
The last Native Egyptian Society if thats in your answers...<span />
7 0
3 years ago
Other questions:
  • Who legalized Christianty in Rome ? A) Maxentius B)Jesus christ C)Jews D)Constantine
    13·2 answers
  • People protested at the Democratic National Convention in 1968 because the Republicans stormed the convention. the Democratic Pa
    14·2 answers
  • Banks make a profit from interest __________.
    6·2 answers
  • PLEASE HELP! I will give you 5 STARS
    11·2 answers
  • What were the different methods of colonial self-governance in the period of Salutary Neglect?
    15·1 answer
  • Describe the early Anastasi lived.
    10·1 answer
  • Ask **Bible** questions here; This includes questions about God, Jesus, the Holy Spirit, the Bible, etc.
    10·1 answer
  • What are two examples of confederate forms of government
    6·1 answer
  • Which country is the graveyard of empires
    6·1 answer
  • What impacts did the war have on African American war participation?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!