revenue mobilization

Revenue mobilization refers to the process by which governments or organizations generate income to fund their activities and services. This involves implementing strategies to collect taxes, fees, fines, or other sources of revenue efficiently and equitably. Effective revenue mobilization ensures sufficient financial resources to support development projects, public services, and infrastructure, while maintaining economic stability. It requires setting appropriate policies, improving collection systems, and reducing tax evasion to maximize income without overburdening contributors. Overall, it’s about ensuring a steady and fair flow of funds to meet societal needs and promote growth.