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Government revenue or national revenue is money received by a government from taxes and non-tax sources to enable it, assuming full resource employment, to undertake non-inflationary public expenditure. Government revenue as well as government spending are components of the government budget and important tools of the government's fiscal policy.
You are free: to share – to copy, distribute and transmit the work; to remix – to adapt the work; Under the following conditions: attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses ...
The government financial statements usually include a statement of activities (similar to an income statement in the private sector), a balance sheet and often some type of reconciliation. Cash flow statements are often included to show the sources of the revenue and the destination of the expenses.
Total_Revenue: Revenue of the government for the budgetary year. Example $18 trillion: Unknown: suggested: Expenditure : Total_Expenditures: Expenditure to be borne by the government for the budgetary year. Unknown: suggested: Spending: spending: Provision for government spending under the budget, minus any debt payments. Example $10 trillion ...
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Government revenue includes all amounts of money (i.e., taxes and fees) received from sources outside the government entity. Large governments usually have an agency or department responsible for collecting government revenue from companies and individuals. [9] Government revenue may also include reserve bank currency which is printed. This is ...