Sources of Public Revenue

A government, like any household, needs money before it can spend any. Unlike a household, it cannot simply take a job — it raises money through a mix of compulsory and voluntary sources, from taxes to loans to profits earned by its own enterprises. This topic maps out where a government's money actually comes from.

In two minutes

Public revenue is the total income a government receives from all sources, conventionally divided into tax revenue, non-tax revenue, and public borrowing, each raised on a different basis and used for different purposes.

The rest of this chapter

The full explanation, the cheat sheet, every previous-year question at every mark weight, the quiz and the answer skeletons are part of Economics on LexBlox Semester. Sign in to unlock the subject, or read Module 1 of Legal Language and Writing free.