Revenue is the amount of money that
o the government spends on defense.
o the government collects from taxes or borrowing.
1o the government owes in de u
o the government uses to provide social services.

Revenue is the amount of money that the government collects from taxes or borrowing.

Explanation:

Just like an individual or an organization, the government needs resources (some sort of income) to cover its expenses, to maintain all its systems alive (education, public health) and deliver quality public services.

The government gets money from taxes, borrowing and other various non-tax sources.

The amount government spends on defense is called military expenditure, the amount the government is owes is called public debt and the amount the government uses to provide social services is called social expenditure.

The answer is State revenue.

State revenues are all revenues from taxation, non-tax state revenues, and receipt of domestic and foreign grants. State Revenues consist of Tax Revenues, Non-Tax State Revenues, and Grant Receipts. The amount of revenue received by the state is determined by the Ministry of Finance upon the approval of the president which is discussed together with the House of Representatives. The source of state income will later be used to improve people's welfare. Sources of state revenue will return to the people in the form of aid programs or construction of public facilities.

Division of state revenue:

1. Tax revenue

as the main source of income of a country. Sources of state revenue derived from taxes are divided into seven sectors, namely income tax, value-added tax, sales tax on luxury goods, land and building tax, export tax, international trade tax and import duties and excise. The amount of the tax rate has been determined by the applicable tax laws. Usually, taxes are imposed when someone already has a certain amount of income.

2. Non-tax state revenue

sources consist of profits from State-Owned Enterprises (BUMN), natural resource management, loans, confiscated goods, printing money or donations. Here are a few examples:  

3. Grant

are gifts given to the government but not in the form of loans. Grants are voluntary and are awarded without a specific contract. The funds obtained are usually intended to finance development. Also, receipts from foreign countries are included in program loans or project loans for a certain period.

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definition of State revenue

Division of state revenue

Details

Grade: Middle School

Subject: Social studies

keywords: State revenue

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