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The revenue budget consists of revenue receipts of the government revenues from tax and other sources and its expenditure.
Government revenue budget meaning. Governments acquire the resources to finance their expenditures through a number of different methods. The revenue budget. Meaning a government budget is an annual financial statement showing item wise estimates of expected revenue and anticipated expenditure during a fiscal year just as your household budget is all about what you earn and spend similarly the government budget is a statement of its. Governments however also have recourse to raising funds through the sale of their goods and services and because government budgets seldom balance through borrowing.
Government of india budget. Other revenues are receipts of the government mainly consisting of interest and dividend on investments made by the government and fees and receipts for other services. Revenue receipts are divided into tax and non tax revenue. In many cases the most important of these by far is taxation.
Expenditure is needed to finance government functions like defense social services administration etc and these are the main revenue expenditures. These expenditures and receipts are related to the day to day functioning of the government. Revenue budget involves revenue receipts and revenue expenditure. Meaning elements objectives and types.
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