- 15 Marks
PSAF – Nov 2021 – L2 – Q5 – Government Revenue
Discuss dimensions of revenue sharing and principles of revenue allocation in a federation.
Question
Government, like any other economic unit, needs funds which can be raised from various sources for the purpose of financing its activities. Public revenue refers to income generated by government from its activities or operations.
Required:
a. Discuss the TWO dimensions or patterns of revenue sharing in a Federation. (5 Marks)
b. Explain FIVE principles of revenue allocation. (10 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Federalism, Public Finance, Revenue Allocation, Revenue Sharing
- Level: Level 2
- Topic: Government Revenue
- Series: NOV 2021
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