Generates revenue for public services
Generating revenue for public services is crucial for the development of a society. It enables governments to provide essential services like healthcare, education, infrastructure, and social welfare. Taxes play a significant role in generating this revenue, as they are imposed on individuals and businesses. Additionally, governments can also generate revenue through sources like fees, fines, and licenses. These funds are then allocated towards various public services, serving the needs of the community. The revenue generated ensures that citizens have access to essential services, making their lives better and enhancing the overall quality of life in the society. Effective revenue generation ensures the continued growth and progress of a nation.
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