Question

What is government budget and its component

Answer 1

Answer:

There are two primary components of a government budget, namely – the capital budget and revenue budget. Capital budget accounts for the assets and liabilities under the government. Revenue budget, on the other hand, accounts for the total revenue generated and the expenses met through this revenue.

Answer 2

Answer:

There are two primary components of a government budget, namely – the capital budget and revenue budget. Capital budget accounts for the assets and liabilities under the government. Revenue budget, on the other hand, accounts for the total revenue generated and the expenses met through this revenue.

Ques: What are the components of government budget?

• Revenue Budget– It consists of the Revenue Expenditure and Revenue Receipts. Revenue Receipts are receipts which do not have a direct impact on the assets and liabilities of the government. ...
• Revenue Budget– It consists of the Revenue Expenditure and Revenue Receipts. Revenue Receipts are receipts which do not have a direct impact on the assets and liabilities of the government. ...Capital Budget– It includes the Capital Receipts and Capital Expenditure.

Explanation:

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