Public Revenue

Public Revenue:

Public revenue refers to various sources of government’s income. This deals with the techniques of raising revenue for the government, principles of taxation and other associated troubles. Rising of tax revenue and non-tax revenue is the subject matter of public revenue. Tax revenue deals with the types of taxes and the collision and incidence of different taxes.

Non-tax revenue comprises:

a) Commercial revenue (i.e., income earned via sale of goods and services and gains earned by public sector enterprises),

b) Administrative revenues (i.e., Fees, special assessments and license fees),

c) Gifts and grants.

 

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