public revenue and its sources

public finance | public revenue and its sources

1. Group Members Murtaza Ali Farasat Ali Muhammad Baqir Zain Ul Abideen Presentation Topic Public Revenue , Its Sources And Its Role In Development Of A Country

2. OUTLINE What Is Public Revenue 2 What Are The Sources Of Public Revenue Role Of Public Revenue In Economic Development

3. PUBLIC REVENUE Public Revenue Means Income Of Government Through All Sources In A Year Also Known As Public Income Lorem ipsum : 10%-17% Dolor sit amet: 13%- 17% Consectetur : 5%-10% Adipiscing: $25 service fee Etiam aliquet : 30%-33% 3

4. SOURCES OF PUBLIC REVENUE 4 Taxes 1)Direct tax 2)Indirect Non-taxes Fees Fines Gift and grants Interest and dividend Special assessment Currency and mintage

5. TAXES It is the most important and major source of public revenue taxes are compulsory payment 5

6. DIREACT TAX INDIREACT TAX Direct Tax refers to the tax which is paid directly to the government by the person on whom it is imposed Indirect tax is a form of tax that is paid by the taxpayer to the government, but the amount of tax is recovered from another person, who gets the benefits

7. 7 NON-TAXES None tax revenue is earn by government all the sources other then taxes

8. FEES 8

9. FINES 9

10. GIFT AND GRANTS 10

11. CURRENCY AND MINTAGE 11

12. SPECIAL ASSESSMENT 12

13. 13 Role Of Public Revenue In Economic Development

14. 14 Role Of Public Revenue In Economic Development Any public authority or government needs income for the performance of a variety of functions Social benefits Infrastructure Educational institute Hospitals Subsidies GDP of country increase Standard of life increase No need to borrowing

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16. Public Expenditure

17. Public expenditure is spending made by the government of a country on collective needs and wants, such as pension, provisions, security, infrastructure, etc.

18. 18 Types / classification of public expenditure

19. Capital And Revenue Capital And Revenue expenditure Create assets and reduce liability of country i.e. transport , school etc. Revenue No Create assets and no reduce liability

20. Plan And Non Plan Expenditure Plan And Non Plan Expenditure All expenditures done in the name of planning (i.e. Five Year Plans) were called plan expenditures . Non-plan Expenditure:  All expenditures other than plan expenditure  were known as non-plan expenditure

21. Development And Non Development Expenditure Development And Non Development Expenditure   It refers to expenditure on activities which are directly related to economic and social development of the country Non-developmental expenditure. It refers to  government expenditure incurred on essential general services of  routine nature like defense, administration, etc.

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