Economy: Revenue

 

Economic Report

Prepared by :: Castillo y Rada, 

Secretary of Finance 

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Section 1: Revenue

Revenue Table for 1827:

Source	Spanish	Amount (in pesos)
General Sales Tax	Alcalaba	78,598
Stamp Tax		62,294
Salt Monopoly		215,333
Government Share of Tithes Given to Church	Tithes and Vacantes	348,719
Royal Fifth on Metal Mining	Quinto	34,738
Cockfightin		860
Income Tax	Contribucion directa	144,169
Extraordinary Contributions		45,001
Internal Loans		354,217
Foreign Loans		2,637,195
Tobacco Monopoly		800,519
Alcohol Monopoly	Aguardientes monopoly	29,428
Import Duties		3,178,198
Export Duties		582,100
Import Duties on Foreign Merchandise	Dereche de consumo	424,852
Total		9,250,202

Revenue Allocations:

Province	Allocated Revenue (in pesos)
Central Government	5,550,121.20
Ecuador     Each province within Ecuador receives 97,370.55	778,964.38
New Grenada     Each province within New Grenada receives 97,370.55	1,850,040.45
Venezuela     Each province within Venezuela receives 97,370.55	1,071,076.05

The Revenue is divided between the governments as follows: 60% of the total revenue goes to the central government and 40% is split evenly between the all the provinces. This is in line with the constitution amendment.