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SOURCES OF GOVERNMENT REVENUE — Economics Keypoint

SOURCES OF GOVERNMENT REVENUE

  1. Taxation – both direct and indirect.
  2. Borrowing 
  3. Grants and aids from foreign countries.
  4. Loans from either individuals, foreign countries or international financial institutions like IMF and world Bank.
  5. Rents, Royalties, and profit accrued from payments for government properties and income from mining as well as profit from public cooperation.
  6. Miscellaneous sources – These consists of proceeds from fines in the law court, fees from changes in hospitals, water rates, electricity bills and licenses.

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