Question

Government budget and its components

Answer 1

Answer:

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The budget is divided into two parts:

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).

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Answer 2

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).✔️

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