- 15 Marks
PSAF – May 2023 – L1 – SC – Q7 – Government Revenue
Differentiates public revenue and receipts, oil and non-oil revenue, and discusses revenue allocation challenges in Nigeria.
Question
Government, like any other economic unit, needs funds, which can be raised from various sources for the purpose of financing its activities.
Required:
a. Differentiate between:
i. Public revenue and public receipts, and state their sources. (3 Marks)
ii. Oil and non-oil revenue. (2 Marks)
b. Discuss FIVE problems associated with revenue allocation in Nigeria. (10 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Nigeria, Public Revenue, Revenue Allocation, Revenue Sources
- Level: Level 2
- Topic: Government Revenue
- Series: MAY 2023
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