elements of government budget
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The main components or parts of government budget are explained below.
Revenue Budget. This financial statement includes the revenue receipts of the government i.e. revenue collected by way of taxes & other receipts. ...
Capital Budget.
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THERE ARE 3 ELEMENTS OF GOVERNMENT BUDRET:
•It is a statement of estimates of government receipts and expenditure. •Budget estimates pertain to a fixed period, generally a year.
• Expenditure and sources of finance are planned in accordance with the objectives of the government.
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