Explain the structure of revenue budget and capital budget of Central Government ?
Answers
Answered by
3
Answer:
The budget is divided into two parts:
The revenue receipts include both tax revenue (like income tax, excise duty) and non-tax revenue (like interest receipts, profits). Capital Budget consists of capital receipts {like borrowing, disinvestment) and long period capital expenditure (creation of assets, investment).
Similar questions