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What are the sources of public revenue for the national government?

      

Give the sources of public revenue for the national government.

  

Answers


Maurice
(i) Profits from parastatals.

(ii) Fines from courts.

(iii) Interests on loan repayments remitted by county government.

(iv) Domestic borrowing in form of bills and bonds.

(v) Sale or privatisation of government organizations.

(vi) Rents and rates.

(vii) Income from government owned properties like game parks and forests.

(viii) Charges from provision of government services like health care,police services and security.

(ix) License or fees trade,motor vehicle,liquor and professional licenses.

(x) Taxes
(a)Direct tax: Pay as you earn(PAYE) deducted from monthly salaries,capital gains tax levies on services like sale of assets and corporation taxes(levied on profits made by companies such as limited liability companies).

(b) Indirect taxes: This is a tax burden that is passed on to the second party mainly levied on goods and services.

(xi) Foreign aid(Donations,grants and loans)
maurice.mutuku answered the question on May 26, 2017 at 09:35


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