Government Sources of Income and Expense in Pakistan
01 Tax
02 Non Tax
Government earn major source of its income from Tax and minor source from other than Tax.
Federal Government has apportioned certain business activities against which all province directly collect tax like in Punjab a Provincial tax collection institute Punjab Revenue Authority (PRA) who collect tax on services as per Punjab Sales Tax Act 2012.
Government revenue sources also include a lot such as
01. External Receipts
02. Earning from Privatization
03. Bank Borrowing ,etc.
Expenditure of Government include
01. General Public Services
02. Defence expenses
03. Public order and safety expenses
04. Education affairs
05. Recreation ,culture and religion
06. Social protection
07. Development expenditure and
08. Subsidized goods
No comments:
Post a Comment