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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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updated Thu. March 1, 2018

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The implementation of the country's first tax reform law has been so far "quite successful," and the government is committed to ensure the revenues would be "well-spent," a government ... "The revenue collections in the first two months are on target, and our inflation has remained manageable," he added.
The Kaduna State Internal Revenue Service (KDIRS) said on Thursday, that the state government generated more than N200 million from the Voluntary Assets and Income Declaration Scheme (VAIDS) in nine months. Alhaji Mukhtar Ahmed, Executive Chairman, KDIRS, gave the figure in an interview with ...

It's one of several bills pending in Annapolis seeking more highway user revenues for local governments. ... The Maryland Municipal League, which represents local governments' interests, supported Edwards' bill -- but with an amendment, MML Governmental Relations Director Candace Donoho said.
Total revenue in January was PLN 35.2 billion (EUR 8.4 billion), whereas total expenditure was PLN 26.6 billion (EUR 6.4 billion). Compared to January 2017, revenue from income tax was up by 13.7 percent, corporate tax by 11.4 percent and excise tax by 11.8 percent. There was however a reduction in ...
The Federal Government has commenced the audit of the entire operations of the maritime sector in its quest to increase its contribution to the national purse.The review was initiated by the Federal Ministry of Transportation, and has been duly approved for a private independent entity - Compliance ...

However, a steep and sustained decline in housing prices will impact revenues of higher tiers of governments as well, limiting their abilities to offer ... The balancing act for the government is to determine whether the additional revenue from new speculation taxes, which could be sizeable, will be large ...
Bago government revenues have increased more than 150pc since 2013 while the grant transfer from the Union government to the region has grown more than 290pc in the same period, according to the Citizen's Budget released by the Bago regional government. Excise, fishery and property taxes make ...
If a charge is assessed and the hospital fails to pay it, the local governing body could petition the Department of Revenue to remove the nonprofit ... Being exempt from property taxes, that means the local government must depend more on smaller taxpayers and businesses to provide revenues to help run ...
Unless the government addresses their issues, Gul warned that they will go on an indefinite strike. The Abbottabad union president said that they collect around half of all revenue generated by the government, worth over Rs13 billion. "But we are not provided with any service structure nor are we provided ...
finance Minister Mathias Cormann insists the Coalition's $10 billion inland rail is a legitimate off-budget investment because it elevates the capital value of the government company building the tracks and provides a future treasurer with a sellable asset. Even if the Melbourne-to-Sydney Inland Rail doesn't ...
Ayine believes that had the provisions of the 1979 Constitution, which gave the Office of the Auditor-General for the Federation full powers to audit the parastatals not being eroded in the 1999 Constitution, revenue agencies would not have had the latitude to under-remit to government coffers.
Energy exploration and future production also leads to high-paying jobs and important government revenue for the state and federal government." Others contend offshore oil production would contribute to climate change, which has been warming local waters, and create the risk of devastating spills.
The watchdog group Public citizen has questioned the spirit of the pledge because the methodology used would not require any donation from unprofitable properties receiving foreign government revenue. The Trump Organization said in a pamphlet it released last year that it would rely on foreign ...
Parliament passed a draft bill in 2016 allocating 20 per cent of any state oil revenue to local government and 10 per cent to communities living where the ... allocations downwards, a move that was contested by Turkana Governor Josphat Nanok who wanted at least 30 per cent to go to county governments.
government revenue exceeded the target by 4% during the October-January period but tax revenue fell short of the goal. In the first four months of fiscal 2018, net revenue was 738 billion baht, 28.3 billion higher than the target, said finance Ministry spokeswoman Kulaya Tantitemit. The increase was ...

Because of that, as part of an agreement between the tribe and the state, FireKeepers makes a payment equal to 2 percent of the casino's annual revenue from electronic casino games to reimburse governmental entities that are in the immediate vicinity of the casino or otherwise impacted by its presence.
Meanwhile, government Services' revenues charted impressive growth as the metric increased 7% to $553 million on a year-over-year basis. Revenue growth was backed by organic growth and expansion of task orders on existing U.S. government contracts. Also, growth on existing program management ...
Google said it had UK revenues of $7.8bn in 2016, or £5.6bn, so a 5pc tax would take £280m - more than seven-times larger than its current bill. facebook generated £1.8bn of ... The British government is understood to be considering this among many other suggestions. Google and Facebook declined to ...
The seismic deal for General Dynamics Corp. (nyse: GD) to acquire CSRA Inc. (nyse: CSRA) is sending significant ripples through government contracting's middle market, that vast sea of companies with roughly $50 million to $2 billion or so in revenue. Such consolidation winnows the field of ...
Arizona's state government continues to collect more revenue than expected when lawmakers drafted the current budget last spring. ... The latest monthly report by the Legislature's budget staff says revenue through January totaled nearly $250 million more than forecast and that the monthly gain is due ...
For some state governments, the prospect of getting more revenue without actively raising taxes is almost too good to be true, but it also forces Republican governors and lawmakers into a corner. Do they stay true to the party's long-standing tax-cut philosophy or keep the extra money rolling in to address ...
The B.C. government expects to rake in $200 million in revenue from cannabis sales taxes by March 2021, it revealed as part of its February 20 budget. That revenue would start to flow once the federal government legalizes adult use of cannabis - something that is expected later this year. Provincial ...
Although he acknowledged that incentives were necessary, given the global competition for investment dollars, the governor insisted that by tightening up in that area the government revenues could be improved. "That's an important thing because to the extent that government improves revenues it then ...
PHOENIX (AP) -- Arizona's state government continues to collect more revenue than expected when lawmakers drafted the current budget last spring. The latest monthly report by the Legislature's budget staff says revenue through January totaled nearly $250 million more than forecast and that the monthly ...
That's about 10 percent of annual revenue, compared to the country's biggest export, tea. The petroleum bill would also create a sovereign wealth fund, financed with oil revenues, which the government says it would manage to guard against currency fluctuations and theft. But Turkana residents have little ...
The B.C. government expects that in each of the 2019-20 and 2020-21 fiscal years it will generate $75 million from cannabis tax revenue. In order to meet those targets, British Columbians pot buyers would have to account for 25% of all government cannabis revenues in Canada. Federal finance Minister ...
Feb 23, 2018-The government's revenue collection jumped 20.5 percent in the first seven months of the current fiscal year, as collection of value added and income taxes, and customs and Excise duties, which account for a big chunk of state's income, went up. Nonetheless, the government failed to meet the revenue ...
Other bills that aim to increase highway user revenue include House Bill 1361, a constitutional amendment that would bring MDOT's share to 70 percent and split the local 30 percent share up with 12.1 percent going to Baltimore, 15.3 percent going to counties and 2.6 percent going to local governments.
If Michigan is making a comeback after all of the problems we had in the first decade of this century, why isn't it reflected in robust local government revenues? Because Michigan's over-reliance on the property tax and the growth limitations we have placed in our state Constitution means that tax revenues ...
Singapore: The increase in goods and services tax (GST) was not the only option considered for raising revenue, but it is the most sustainable source of ... Ms Indranee added that the government also decided against having a wealth tax, because it wants Singapore to be a place for wealth management.
governments will have to figure that out before they can even begin to include pot tax revenues in their budgets. ... legal pot, pricing limits driven by the black market and possible revenue losses from a drop in alcohol sales, bean counters in government really don't know what kind of net revenues to expect.
THE "Netflix tax" will in two years hit the pockets of Singapore digital consumers and some businesses, with the government setting a 2020 deadline in charging the goods and services tax (GST) on imported services. Singapore will follow jurisdictions such as Australia, the European Union, Japan and ...
The latest monthly government budget figures for December 2017 suggest revenues are likely to undershoot the February 2017 estimates by close to R50bn, broadly in line with the government's estimates outlined in the October 2017 medium-term budget. The value-added tax (VAT) rate in South Africa ...
The institute relies heavily on revenue from government projects, which totaled $312 million in 2017, or 59 percent of the institute's overall 2017 revenue. Commercial revenues for 2017 were $215.8 million. Contract underruns added another $843,000 to its revenue. In remarks in the institute's 2017 annual ...
The government is considering collecting as tax some 30 percent the revenue made by operators of casinos run at so-called integrated resorts in the country ... costs at a regulatory body, will be equally split between the central government and the governments of the local communities that host the casinos.
"If they're making over a billion dollars in revenue, we need to make sure they're contributing to the community," said House Minority Leader Todd ... Being exempt from property taxes, that means the local government must depend more on smaller taxpayers and businesses to provide revenues to help run ...
The program will help Greenkraft obtain more clients and ultimately more revenue for 2018. Greenkraft, Inc. continues to work diligently to provide long-term value for the Company and its shareholders alike by increasing revenues and executing their clearly defined expansion plan that will allow GKIT to ...
The Union cabinet on Wednesday approved a proposal to redefine micro, small and medium enterprises, or MSMEs, based on their annual revenue, ... According to the government's new definition, businesses with revenue of as much as Rs5 crore will be called a micro enterprise, those with sales between ...
A broad mix of the IT industry's top solution providers all reported higher earnings and revenues for the most recent quarter, including CDW, CRSA, ePlus ... ePlus, a Herndon, VA provider of IT solutions to commercial and government clients, reported revenue for its third fiscal quarter of 2018, which ended ...
On eve of budget day, N.W.T. gov't balances flat revenues with MLA wish lists ... The Northwest Territories government says stagnant revenues present a challenge as it prepares to introduce a new budget later this week. finance Minister Robert C. McLeod is scheduled to table the 2018-19 budget ...
The provincial government isn't making any promises about marijuana revenue sharing with Municipalities. It was one of the issues raised during the bear pit session on Wednesday at the annual SUMA Convention. Many communities said they expect policing costs will increase when marijuana is ...
The government has indicated its intention to have the Revenue Authority of Trinidad and Tobago (TTRA) implemented during this fiscal year. A press release issued by the Ministry of finance on Wednesday stated that the Government has initiated a programme geared towards the engagement and ...
In order to rank the states most dependent on the federal government, SmartAsset looked at four factors: percent of state government revenue which comes from the federal government; the percent of workers employed by the federal government; the quality of federal jobs; and the ratio of income taxes paid ...
Add to that the fact that our tax revenues have remained largely flat over the same period, and the $10 billion deficit makes sense. There is now consensus, at least among Economists, that it will be impossible to keep Alberta's government finances viable and healthy going forward without addressing the ...
The new options would help local governments significantly increase revenues at a time when less money is available from the state and federal government, said Riggs. "And it allows them to increase revenue without raising taxes," said Riggs. He said he generally expects local government investment ...
The Telangana State Deputy Collectors' Association and the Telangana Revenue Employees Services Association, on Thursday, expressed their gratitude to Chief Minister K. Chandrashekhar Rao, for taking cognizance of the work done by the Revenue Department, regarding the purification of land ...
Residential and commercial growth in Gainesville is evident in a clean audit report the city received Thursday morning. General fund revenues increased 6 percent, or about $1.6 million, during the 2017 fiscal year, which ended June 30. Building permit revenue increased $290,000, as permits for new ...
[THE investor] Korea has seen tax revenues surpass government-set targets in recent years amid rising concerns over its long-term fiscal soundness. According to recent data from the Ministry of strategy and finance, national tax revenue amounted to 251.9 trillion won (US$236.5 billion) in the first 11 ...


 

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