Government Revenue Measure
A Government Revenue Measure is an organizational revenues for a government entity.
- Context:
- Measure Output: a Government Revenue Value.
- It can range from being a Predicted Government Revenues to being an Actual Government Revenues.
- It can range from being Government Tax Revenue to being a Non-Tax Revenue (such as a Government Investment Revenue).
- Example(s):
- Counter-Example(s):
- See: Government Budget, Government Program, Fiscal Policy, Government Spending, Taxation, Government-Owned Corporations, Central Bank, Government Agency, Reserve Bank, Government-Owned Corporations.
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/Government_revenue Retrieved:2015-12-14.
- 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.
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/revenue#Government_revenue Retrieved:2015-12-14.
- Government revenue includes all amounts of money (i.e. taxes and/or fees) received from sources outside the government entity. Large governments usually have an agency or department responsible for collecting government revenue from companies and individuals. [1]
Government revenue may also include reserve bank currency which is printed. This is recorded as an advance to the retail bank together with a corresponding currency in circulation expense entry, that is, the income derived from the Official Cash rate payable by the retail banks for instruments such as 90 day bills. There is a question as to whether using generic business-based accounting standards can give a fair and accurate picture of government accounts, in that with a monetary policy statement to the reserve bank directing a positive inflation rate, the expense provision for the return of currency to the reserve bank is largely symbolic, such that to totally cancel the currency in circulation provision, all currency would have to be returned to the reserve bank and cancelled.
- Government revenue includes all amounts of money (i.e. taxes and/or fees) received from sources outside the government entity. Large governments usually have an agency or department responsible for collecting government revenue from companies and individuals. [1]
- http://www.cityofpaloalto.org/gov/depts/asd/budget.asp
- QUOTE: The City of Palo Alto’s budget as approved by the City Council reflects resource allocations consistent with the City policies, goals, and priorities. It also communicates to citizens and staff an action plan for the upcoming fiscal year, including program goals and the standards by which the delivery of services to the public will be measured.