Government Revenue and Expenditure

Grade 6 · Social Studies · Political Systems and Governance (Government Revenue and Expenditure)
Revenue is money the government collects: taxes (income tax, VAT, import duty, excise duty), fees, licences, fines and loans/grants. Expenditure is money spent on services: education, health, roads, security, water and salaries. The Kenya Revenue Authority (KRA) collects taxes. A budget plans revenue and spending.
Free for every Kenyan learner · M.T.T.I Eldoret

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