Importance of the public revenues in the nicaraguan economy

Abstract

All the countries around the world need to have an administrative organization well defined for the administration of the public revenues. This organization, is in charge of plan, organize, direct and execute all the actions states in each nation from different institutions. In order to achieve it, is necessary to count with the incomes to execute the plan. In this paper, there is an analysis of the public revenues, their importance and relevance in the development if the country. The taxes represent the main income for the state, including taxes, fees and special contributions made direct or indirectly by all the Nicaraguan citizens. All the incomes are administrated by the Ministry of Finance and Public Credit, being the responsible of distributing the budget to every public institution for the accomplishment of the annual plans.