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Explain FIVE ways that the government can use to raise funds to finance its programme.

Explain FIVE ways that the government can use to raise funds to finance its programme.

Answers

gideon
i. Surpluses from public corporations – which provide services at a fee surplus revenue from these
corporation is remitted to the government.
ii. Fines and penalties – imposed by the court on firms and individuals who break the law of the
land. these money becomes public revenue .
iii. Stamp duties – collected by land ministry on land transaction such as land transfer.
iv. Borrowing - from external sources e.g. I. M. F, W.B and friendly countries.
v. Rent and rates – for use of government properties.
vi. Dividends and profits –from government investments.
vii. Sales of government assets – such as old houses vehicles and its stake in various companies
and parastatals.
iii. Public debt –borrowing from within the country by use of treasury bonds and bills.
ix. Donor aids and grants from other countries.
x. Escheats – unclaimed property of deceased persons.
xi. Taxes – which are compulsory payment to the government and benefits everyone in society.
gideon1 answered the question on November 2, 2017 at 06:20

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