Posted inGovernment & Politics

Local Governments Sources of Revenue

Sources of Revenue for Local Governments || In order to perform their statutory functions, local governments need financial resources. They get their money from several sources but the most important are government grants and locally-imposed taxes, two sources which constitute about 80 percent of their total revenue.
Posted inGovernment & Politics

Problems of Public Corporations

Problems of Public Corporations The problems of public corporations especially in developing countries are multifarious and these problems hinge principally around their financial profitability, productivity and pricing policies. In short…
Posted inGovernment & Politics

Purposes of Public Corporation

Purposes of Public Corporation A public corporation is an organization established by an Act of parliament to provide a specific essential service for the public. The law establishing the corporations may charge it with the provision…