The growth of government annual budget through taxes collection

2017 2nd International Seminar on Advances in Materials Science and Engineering

Maiga, Sekou^1 ; Xu, Feng Ju^1

Management School, Wuhan University of Technology (WHUT), Wuhan

430070, China^1

关键词: Economic goals;    Economic growths;    Economic modeling;    Per capita income;    Positive correlations;    Progressive tax rates;    Social service;    Standard of living;   

Others  :  https://iopscience.iop.org/article/10.1088/1757-899X/231/1/012049/pdf
DOI  :  10.1088/1757-899X/231/1/012049

来源: IOP

【 摘 要 】

In this case study we examine the relationship between the collection of taxes and the growth of government annual revenues (case of republic of Mali). Taxation is the most important source of revenue for modern governments, typically accounting for ninety percent or more of their income, Taxes revenues has contributed a big chunk of funds to the Malian Treasury, about 40%, with our focus being on the years (2012-2017). The primary economic goals of developing countries are to increase the rate of economic growth and hence per capita income, which leads to a higher standard of living. Government needs money to be able to execute its social obligations to the public and these social obligations include but not limited to the provision of infrastructure and social services. Progressive tax rate can be employed to achieve equitable distribution of resources. After economic modeling and estimation, we realized that there is a positive correlation between taxes collection changes and the government annual revenue.