Question

A state budget includes a comprehensive account of both revenue receipts (money from taxes and non-tax sources) and capital receipts (money from borrowings and disinvestment), as well as details of expenditure.

• A. Proceeds from the sale of government assets
• B. Income generated from public sector undertakings
• C. Fees for licenses and services
• D. Interest received on government loans

Answer 1

Answer:

C. Fees for licenses and services

• Non-tax revenue includes income from sources other than taxes, such as fees for government services, fines, and interest receipts.