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 government revenues

government revenue is money received by a government. It is an important tool of the fiscal policy of the government and is the opposite factor of government spending. Revenues earned by the government are received from sources such as taxes levied on the incomes and wealth accumulation of individuals and corporations and on the goods and services produced, exports and imports, non-taxable sources such as government-owned Corporations' incomes, central bank revenue and capital receipts in the form of external loans and debts from international financial institutions.

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"With the higher revenue take from TRAIN, the government will have fiscal space to fund a salary hike for teachers," Villafuerte said. "Our teachers deserve a pay hike in the same way that our men and women in uniform have been given their salary upgrades following [Duterte's] approval of Congress's joint ...
The Cabinet Office is coordinating discussions expected to involve representatives from Carillion, accountants EY and multiple government departments, several of which employ Carillion to provide vital services. The company derives £1.7bn - about a third of its revenue - from public sector contracts and ...

Revenue collection as per the target will also give a cushion to the government has to allocate more money for the newly-elected provincial parliaments and governments. The government has to allocate total Rs 7.14 billion immediately for the provinces to build infrastructures and additional amounts for ...
Cannabis will create almost $132 billion in federal tax revenue by 2025 -- if the federal government legalizes it. Thomson ... marijuana legalization could create $132 billion in federal tax revenue and inject over a million jobs into the US labor market by 2025 if it becomes legal nationwide, a new study says.
In government, for instance, one of the applications of revenue sharing is seen in tax income sharing among different units of government. For example, states or provinces sharing tax revenue with local governments or federal governments. In Entertainment, one of the applications of revenue sharing is ...

December appeared to be a better month for the state of Nebraska's tax collection, according to a state Revenue Department report. ... Looking at actual numbers, Revenue Department figures show sales tax collections were up slightly more than $8 million this December over the same month a year ago.
The federal government would reap $51.7 billion in sales tax from a legal marijuana market between 2017 and 2025, entirely new revenue for a business that remains illegal -- and unable to be taxed -- federally. The business tax rate for the study was calculated at 35 percent. The corporate tax rate was ...
Step Up Oklahoma is advancing a plan that addresses waste and abuse through reforms and ending the boom and bust cycle of state government through revenue enhancements. Reforms support recent calls from elected officials for greater efficiencies and accountability in state government. Revenues in ...
Last year, of the total Rs 76335 crore budget, the revenue expenditure was Rs 58168 crore. Though the revenue generation from both tax and non-tax sources has grown considerably over the years, it hasn't witnessed "impressive jump" commensurate to the state's demands and requirements. In 2016-17 ...
Municipal leaders in Manitoba are pressuring the provincial government to share revenues from taxes on legalized marijuana, and they say a new poll ... with the Federation of Canadian Municipalities that local governments should get at least a third of total tax revenue from sales of legalized cannabis.
As it stands, the Federal Government raises a bit more than 80 per cent of all taxation revenue in Australia, with state governments' revenue efforts coming ... Western Australia and reduce its share of GST to grossly unfair levels, based largely on the boomtime mineral revenues it was receiving until recently.
The federal government would reap $51.7 billion in sales tax from a legal marijuana market between 2017 and 2025, entirely new revenue for a business that remains illegal -- and unable to be taxed -- federally. The business tax rate for the study was calculated at 35 percent. The corporate tax rate was ...
Corvallis Mayor Biff Traber emphasized the two key challenges of revenue and housing Wednesday at his annual "state of the city" address. "The state of ... On revenue issues, Traber noted that property tax revenue is rising at a slower rate than city costs "and at some point you have to reduce the number of ...
Chairing the cabinet meeting on Sunday, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, approved the distribution of revenue from value-added tax (VAT) and said local government would receive 70 per cent of the revenue.
China will allot revenue from the environmental protection tax to local governments to motivate participation in the fight against pollution. China's Environment Tax Law will be effective on Jan. 1, 2018, according to a decree by the State Council signed by Premier Li Keqiang. China has collected a "pollutant ...

Aditi Nayar, an economist at ICRA, the Indian arm of rating agency Moody's, said the additional borrowing could lead to "modest fiscal slippage" as the government was likely to miss its revenue receipts target. "Given the clouded outlook for revenues, sticking to the fiscal consolidation roadmap would entail ...
government has set a higher revenue collection target in the 2018/2019 financial year, according to the budget framework paper that's before parliament. The state minister for finance, David Bahati, tabled the budget framework before parliament last week. According to the budget framework, government ...
The government exceeded both its expenditure and revenue targets in November, resulting in a budget deficit of P8.6 billion. The latest Bureau of the Treasury data released yesterday showed that government spending on public goods and services last month grew by a tenth to P252.1 billion from P228.4 ...
As a practical matter, it lets Republican lawmakers have their cake and eat it, too, by promising economic growth, fatter worker paychecks and more government revenue. It doesn't always work out. No matter how much Republicans wish for the Economic Growth Fairy, not a single analysis of the tax Cuts ...
Meanwhile, Saudi Arabia recently unveiled the biggest budget in its history, with plans to spend 978 billion riyals (£195bn) this coming fiscal year as the government forecasts a boost in revenue from the introduction of VAT and plans to reduce subsidies. Still, Saudi Arabia is facing a budget deficit until at ...
In a major win for the provincial governments on Monday, the federal government agreed to give the provinces 75% of all cannabis taxation revenues. Several weeks ago, Canadian premiere Justin Trudeau hinted that the taxation revenue gathered from taxing cannabis sales and such would be evenly ...
According to DOF estimates, the final version of the TRAIN is seen to yield the government net revenues amounting to an estimated P130 billion during its first year of implementation. "The net revenue effect is certainly very close to the bill that was passed in the House. So we are very pleased that the ...
The province is getting ready to roll in the green after reaching an agreement with the federal government today regarding cannabis revenue flow. The federal and provincial governments have agreed to a 75/25 revenue split, with B.C. receiving 75 percent of cannabis-specific tax revenue, and the federal government ...
government likely to unveil roadmap for achieving $1-trillion revenue in IT sector ... and information technology (MEITy) and chiefs of IT and software sector on Thursday, the government is expected to unveil a vision document detailing a roadmap for the industry to achieve $1 trillion in revenues by 2022.
That means that rather than directly route its revenue to its international headquarters in Dublin, local policymakers and governments will potentially get an opportunity for greater visibility into the company's revenue related to local advertising sales. The change comes amid a period where there is ...
As Delta had argued, the FAA said airports getting federal airport improvement grants must use proceeds from state and local government taxes on aviation fuel for aviation-related ... For Clayton and its municipal governments, the revenue from jet fuel sales tax has been a key part of the operating budget.
"Transactions of land and houses increased in the last fiscal year and that helped boost the government revenue under the land and house registration tax," NRB said in its study report. "Unplanned plotting of land is turning out to be a major challenge for the agriculture sector and housing development too," ...
State governments had boycotted the Federation Account Allocation Committee (FAAC) meeting on November 23, accusing the NNPC of cutting ... This additional N30 billion revenue available for distribution to the three tiers of government in the following order: Federal Government, N13.749 billion; states, ...
Morneau has said the federal government should get as much as half the tax revenue. Federal officials say Morneau's argument will be that Ottawa has put aside more than $1 billion over five years toward the costs involved with legalization. But provincial finance ministers like Ontario's Charles Sousa are ...
Dubai has approved its biggest ever budget for 2018 as the emirate ramps up infrastructure spending to finance work for Expo 2020, the government ... With regards to revenue, 71 per cent will come from non-tax government fees, 21 per cent from tax revenues and 2 per cent from government investments.
Revenues exclusive to ministries and governmental institutes are projected to constitute 5.68 quadrillion rials of the overall general revenues. Each dollar was exchanged for 42,100 rials in Tehran's forex market as of Sunday. Government companies, banks and for-profit organizations, which had an ...
The specter of mass conversions -- and the potentially huge tax revenue losses resulting from them -- is but one vexing problem for GOP leaders as they try .... businesses, but now worries that the package may open a floodgate of conversions that could result in far lower tax revenues than estimates show.
And he blames that in large part on a loss in advertising revenue -- and a couple of major advertisters in particular. "I think the major problem we currently have is the trend of the government," Nixon said. Since both the federal and provincial governments have decreased spending on advertising in ...
For example, the report published on the NAO's website accused Wangcheng district in Changsha, the capital of the central province of Hunan, of faking the ownership transfer of local government buildings to increase local fees revenue by 1.2 billion yuan (US$181 million). In another case, six counties in ...
Lagos--FORMER Chairman of Independent National Electoral Commission, INEC, Professor Attahiru Jega, has advocated fundamental reforms to resolve the historic narrative of poor governance in the country, including restructuring, resource control and a review of the revenue allocation formula.
The Trudeau government is legalizing recreational cannabis in July and has pitched giving provincial governments half of its estimated $1-billion annual ... The Federation of Canadian Municipalities has pitched a revenue-sharing model that would allocate one-third of cannabis Excise tax revenues to ...
The government - us - needs those tax revenues. The wealthy and Corporations have been getting tax cuts for decades with little evidence of reinvestment or living-wage job growth in America. Stock indexes are breaking records, but since the last recession, many Americans no longer have retirement ...
Montana's state government would see a $122 million a year cut in revenue under a U.S. Senate tax reform bill passed last week, the state's Department of ... Revenue Director Mike Kadas said most of the cuts would stem from tax breaks offered by the Senate to pass-through businesses, which are ...
PHOENIX - An Arizona state government gaffe ended in an x-rated mistake for one Department of Revenue employee. Instead of directing people to a website for an auction, a link included in an e-mail from an ADOR employee took people to a site for pornography. One of the Department's jobs is to find ...
In other words, because the Territory -- its people, businesses and government -- made a greater effort to develop a productive mining industry than some other ... A new approach to the treatment of mining royalties in sharing Australia's GST revenues is critical for the Territory -- and it's long overdue.
Maputo -- The Mozambican government is dissatisfied with the revenue generated so far by tourism, declared Prime Minister Carlos Agostinho do Rosario on Monday. Speaking at the launch in Maputo of the country's first Tourism Forum, Rosario said that revenue should be much higher, given ...
Virtually all state budget deficits occur in recessions, when layoffs and flat incomes crimp government revenues at the same time that demand surges for services such as public assistance and community college enrollment. Could our state's slower-than-projected growth in revenue be an ominous sign of ...
The federal government of Canada may be willing to give the lion's share of tax revenue from legal marijuana to the provinces and territories, The Canadian Press has learned. On Nov. 10, the feds announced a proposal to apply an Excise tax on marijuana at $1 per gram with the estimated revenue from ...
According to Mr. Amosun, the new revenue scheme will ensure that the toll posts being operated by local governments, agencies and LCDAs, ... finance, Adewale Oshinowo, said the scheme was put together to end the haphazard way of collecting streams of revenues due to the government from all the 63 ...
There appears to be no clearinghouse for information on the interplay of cord-cutting, franchise fees, and local government revenues. ... It is important to note that local governments face other revenue pressures that have nothing to do with cord-cutting or franchise fees that might also play into their interest ...
THERE is need for government to jealously ring fence revenue from the natural resources sector, so that it could be fully invested in national development ... moratorium for the return of externalised funds and assets, Zimcodd said government should consider ring fencing revenue from natural resources.
The forecast shows that tax revenue and other government income will exceed current spending by 3.3 percent for the coming fiscal year starting July 1, 2018. The increase ... Recent economic measures show a surge in state tax revenues linked to a rebound in the oil and natural gas sectors. The changes ...
The nation's five biggest insurers have almost 60 percent of their combined revenues coming from plans funded by Medicare and Medicaid. ... Almost 60 percent of the combined revenue of the top five insurers in the United States comes from the government-sponsored health programs Medicare and ...


 

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