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Sources of finance to the county government.Fines and penalties.Income from sale of county government owned property.Recovery of principal amount and interest of loans.Charges i.e. receipts by the government for services rendered.Income generated from tourism etc.
Sources of public revenue in Kenya as established by the new constitution 2010 are;Equalization fundConsolidated fundContingences fundRevenue fund
Merits of direct tax as a source of revenue to the government include;May be progressive hence equitableSimple to understand to both taxpayer and tax collectorConvenient to both tax payer and tax collector as time for collection is known .Can be used to counter inflation.High revenue earning capacity as it expands naturally with economic growth i.e elasticMay be used to redistribute wealth and resources equally.Certain to both tax payer and tax collector.
Main sources of revenue budget in Kenya are;FinesCustom and excise dutiesIncome and corporation taxIncome from state properties
Benefits of borrowing a loan from a non-bank financial institution include;get long-term loanget finance for capital developmentlow interest rates on loansmanagement advice on the projectlower collateral valuelonger grace period