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50 MCQs Related with Economics (MA Economics entrance 2081, TU)

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Public revenue & Its Sources in the Context of Nepal

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Public revenue refers to the total income a government collects from various sources to fund its operations and provide public services. In other words, public revenue is the sum of all these sources—taxes, non-tax income, grants, and borrowed funds. Governments use this money to pay for essential services like education, healthcare, infrastructure, and defense. Public Revenue Sources in the Context of Nepal Public revenue in Nepal refers to the income collected by the government to finance its operations, provide public services, and support development initiatives. Nepal operates under a federal system, established by the Constitution of 2072, which divides governance into three tiers: central, provincial, and local. Each level of government has specific revenue-raising powers, with the central government collecting the majority of the nation's public revenue. Below, I explain the main sources of public revenue in Nepal, focusing primarily on the central government while also ack...
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