What do you understand by Budget Receipts (Govt. Receipts)? Describe its two types.
Meaning. Budget receipts refer to estimated money receipts of the government from all the sources during a fiscal year. It shows the sources from where the government intends to get money to finance the expenditure (both revenue and capital expenditure). Budget receipts are of two types — Revenue Receipts and Capital Receipts — as explained below. Their components are shown in the following chart. Note: According to Government Budget for 2010-11, Receipt of 1 Rupee conies from: Income tax 9 paise, corporation tax 23 paise, custom duty 9 paise, excise duty 10 paise, services and other taxes 6 paise, Non-taxes Revenue 11 paise, borrowing and other liability 29 paise, non-debt Capital receipts 3 paisa = 100 paise.
2083 Views
Advertisement
How is fiscal deficit met?
What are the implications of Fiscal Fiscal Deficit?
Explain the two components (revenue budget and capital budget) of government budget.
