Question

when the government receives money by way of the loans or from the sale of its assets, such receipts are Called ---------
- in agovernment budget.​

Answer 1

Explanation:

Government receipts which either (i) create liabilities (e.g. borrowing) or (ii) reduce assets (e.g. disinvestment) are called capital receipts. Thus when govt. raises funds either by incurring a liability or by disposing off its assets, it is called a capital receipt.