What are sources of public revenue
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Posted by A Roy 5 years, 3 months ago
- 2 answers
Gaurav Seth 5 years, 3 months ago
Public revenue refers to the income or earnings of the government of any country. The following are two important sources of government income:
- Tax revenue: Tax revenue is the most important source of income for the government. A tax is a compulsory payment imposed on individuals or companies by the government to meet expenditures.
- Non-tax revenue: Revenue to the government from sources other than taxes is known as non-tax revenue. It is collected in order to provide administrative services to the people.
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A Roy 5 years, 2 months ago
1Thank You