Okuzeka
Economics vocabulary · Fiscal Policy and Public Finance

Tax revenue

Meaning in economics, with examples

nounCore term

In economics, tax revenue means: The money a government collects from taxes on income, profits, sales, property and other things during a given period.

In Turkish: vergi geliri, vergi gelirleri

How it is used

Often expressed as a share of GDP so that countries can be compared. Tax revenues rise, fall or fall short of forecasts. Reports often split them into direct taxes (on income and profits) and indirect taxes (on spending, such as VAT).

Example sentences

  1. Tax revenue rose faster than expected because of strong consumer spending.

  2. The country collects tax revenue equal to about a quarter of GDP.

Common collocations

  • tax revenue as a share of GDP
  • boost tax revenue
  • tax revenues fell short
  • loss of tax revenue
  • taxationThe system by which a government collects money from people and businesses through taxes on income, profits, spending and property.
  • budgetA government's plan of how much money it expects to collect and spend over the next year; the word also means the money available for a purpose.
  • VATShort for value-added tax: a tax on spending that is added to the price of most goods and services at each stage of production and is finally paid by the consumer.
  • income taxA tax that people pay on the money they earn from work, savings, rent and other sources, usually taken directly from wages.
  • budget deficitThe gap that appears when a government spends more than it collects in taxes and other revenue during a year; it is usually covered by borrowing.

More terms: Fiscal Policy and Public Finance

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