What are the Sources of Public Revenue for the Government?

By Ritika Pant|Updated : July 8th, 2022

There are approximately 10 major sources of public revenue for the Government. These authorities usually earn with the taxes and non-tax revenue. The source of income comes from the following: 

  • Income tax
  • Real property taxes
  • Personal property taxes or taxes of assets 
  • Goods and Services Tax (GST)
  • Corporation tax
  • Union excise duties 
  • Fees
  • Licence fee
  • Surplus of the public sector units
  • Fine and penalties
  • Gifts and grants
  • Printing of paper money

Name Major Sources of Revenue for the Government?

Taxes are the main source of public revenue for the Government. Taxes are regarded as involuntary fees imposed on people and companies to obtain funds for government activities. Revenue receipts are of two types — non-tax revenue and tax revenue. This amount is generally charged on incomes, goods, and services by the Government.

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FAQs on What are the Sources of Public Revenue for the Government?

  • There are around 10 sources of public revenue for the Government. Some of them are taxes, rates, fees, license fees, the surplus of public sector units, fines and penalties, gifts and grants, and income from printing paper money.

  • The Government also collects interest as non-tax revenue for various purposes. Few sources of non-tax revenue for state Government are listed below: 

    • Municipal services
    • Police services
    • Jobs through state public services boards
    • Gazettes
    • Administrative services
    • Electricity
    • Sale of stationery
    • Home guards

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