WHAT ARE PUBLIC RESOURCES? - CULTURE VOCABULARY - 2025

The public resources are income and resources generated by the state through tax taxes, special contributions or through economic activity possessed by the country.

These resources are intended to meet the collective needs of the community through the provision of public services. Likewise, public resources are considered the main financial source for sustaining public services and expenses, and it also regulates the economic processes of society.

For their part, public resources are classified according to their nature: ordinary resources, derived resources, extraordinary resources, tax resources and finally fiscal resources.

Classification of public resources

Ordinary resources

They are all those income that are obtained through the assets of the State and public entities directly. Ordinary resources are characterized by constituting a traditional economic source, that is, the resources come from fiscal management and also through the performance of public activities of the State as a producer of services and goods.

It should be noted that ordinary income is received periodically. For example, the income tax collection is received period after period, therefore, the State has the possibility of obtaining annual income.

However, the public administration considers that ordinary income should be sufficient to cover the public expenses that the State must carry out in order to comply with its obligations.

Extraordinary resources

Unlike ordinary resources, extraordinary resources are received on an exceptional or occasional basis. This income comes from the contracting of internal or external credits, for the sale of an asset belonging to the State, among others.

However, given that this source of income does not allow continuous and periodic repetition, it jeopardizes the decline of the State's assets in the future.

For example, in the case of the sale of an active property of the state or the contracting of public credits, it is observed that in both cases a public income is obtained, but the consequence is that the state's assets decrease due to the sale of the property in the case of credit, the resources of the future are compromised.

That is why this type of income is not fixed, and the recommendation is to use it in eventual situations that lead to the payment of an unexpected public expense, such as a natural catastrophe or a crisis.

Derived Resources

These are the resources that the State obtains through its intervention in the economy, through forced taxes from individuals in the community.

The intervention also establishes taxes, taxes, special contributions, fines and penalties.

Tax resources

Tax resources, as its name shows, come from the collection of taxes. This is the most common resource that enters the State, since it comes from natural persons and legal entities, specifically companies or organizations.

It is important to highlight that tax revenues together with ordinary revenues are capable of sustaining and covering the debts incurred in public spending, to satisfy the needs of the population.

References

1. Federation, SD (1989). The Efficient And Honest Management Of Public Resources. Mexico DF: Limusa.
2. Melgarejo, RC (2001). Transparency in the origin and destination of public resources from the municipalities, to consolidate democratic governance. Texas: Luciana Editions.
3. Pan-Montojo, J. (2007). Private powers and public resources. Madison: Marcial Pons Editions of History.
4. Raymond, PL (2014). Private Rights in Public Resources: Equity and Property Allocation in Market-Based Environmental Policy. New York: Routledge.
5. Victor Futter, LR (2007). Nonprofit Resources: A Companion to Nonprofit Governance. American Bar Association.