What are general income?

General income is income that the government receives primarily from the tax authority, and does not include income from other sources such as energy services such as water or energy, or from the sale of other goods such as alcoholic beverages. Revenue from other sources, including the sale of real estate and other assets, are not generally included in general income, but maintained separately, sometimes called "different income". The revenues obtained from the investment of the government usually, but not always, are considered to be general income, as well as the income obtained from the payment of fines, unless the status is devoted to any other purpose. The government will usually maintain a number of different means devoted to specific purposes. General revenue will be inserted into the general fund, of which routine expenditures are paid. Knowledge of general income, unlike income obtained from special sources and one -off transactions, is a critical part of the realistic and EFEThe cutive budgeting process, because routine operations should be financed from general income, which are generally more predictable and reliable. This means that not only governments have to realistically predict the costs of their operation and projects, but also must be able to predict their general income with high accuracy.

However, the attention of intergovernmental transactions must be paid to compromising the overall revenue by governments in order to avoid distortion of overlapping income. An example would be fees paid from its general revenue by the City of the Region for Fire and Police Protection Services. Counting income as general revenue at the level of the city and on the edge would distort the actual amount paid by taxpayers, because the city was only as a management for funds on the treasury of the region.

When governments are carrying out special projects, they often receive the necessary financing salesEm bonds. If the project is designed to earn money - for example, a public transport facility or a fee - bonds usually pay income by a generated project and not with general income. Other projects, as well as schools and street headlights, are not for making money, but they must be paid. Bonds issued for such projects are called "general bonds".

Main and interest fees for general income are paid off from general income and the prospectus of the bond is clearly illustrated not only by how general revenue is defined and calculated, but also by how much general income is for lifespan and what other loads are. Like the loan application, the prospectus illustrates the ability of the bond issuer to pay the note.

Most jurisdictions include income in their general income, which receives from the payment of fines, including traffic penalties. This is a controversial practice because it is claimed that when they find that their general revenue nThey esplní expectations, some cities and regions commonly instruct their coercive organs to increase their fine collection activity. This made some of them to require a new approach to accounting of fines, perhaps devoted it to a specific purpose and put it in a fund other than the general fund.