Revenue And Expenditure Of Government Is Covered Under The Head From

Expen diture on social and development services are now the most important head of central government s revenue expenditure and fall into the following two broad groups of services.

Revenue and expenditure of government is covered under the head from. Central government spending in the united kingdom also called public expenditure is the responsibility of the uk government the scottish government the welsh government and the northern ireland executive in the budget for financial year 2016 17 proposed total government spending was 772 billion. Come under this heading. The government of india had stated in the budget of 2017 18 that the total income of the government was rs 21 46 735 cr. Head or it pertains to public account if the first digit is 0 or 1 the head of account will represent revenue receipt.

Other unallocable items of expenditure relating to savings bank will be recorded under the minor head postal network under sub major head 02. Examples of revenue expenditure are salaries of government employees interest payment on loans taken by the government pensions subsidies grants rural development education and health services etc. The under spend in provincial government was far greater at r5 5 billion. 4000 for capital receipt and 8 will represent contingency fund and public account 8000 for.

6 or 7 loans and advances head. Social and development services. The expenditure on civil administrative services as also on tax collec tion police pensions etc. In order to achieve consistency between on the one hand the national accounts logic expressed in the sequence of accounts for production generation distribution redistribution and use of income accumulation and financing and on the other hand a government budget perspective government spending and receipts two additional concepts about national accounts.

5 the expenditure on audit of posts and telegraphs department transferred from 2016 audit will be recorded initially under this minor head by a deduct entry under 2016 audit. It means the expenditure of the government is more than its revenue. 4 or 5 capital expenditure. Each and every year a democratic government presents its budget to the parliament.

The latest un audited expenditure reports from the national treasury indicate that r3 48 billion of the national government budget went unspent in 2000 01 financial year about r1 7billion on both the recurrent and the capital side of the budget. 2 or 3 will represent revenue expenditure. Public finance public revenue and public expenditure source. Annual data for the period from 1980 2011 were used and a time series analysis of.

Generally expenditure incurred on normal running of the government departments and maintenance of services is treated as revenue expenditure.