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In short revenue budget has revenue receipts and expenditure.
Revenue budget and capital budget difference. The main differences between the two are. Revenue accounts cover those items which are of recurring nature and are non redeemable. Ii revenue budget include all such financial transactions which do not create any asset or liability for the. Revenue budget orientation only to the receipt of revenue of government and laid less emphasis on development work but the capital budget has the capacity of creating development work with respect to the budgetary deficit and fiscal deficit.
Revenue receipt includes funds the government earns through taxes such as income tax service tax corporation tax interest. Capital budget has capital receipts and payments. Capi tal budget on the other hand comprises capital receipts and capital expenditure of the government. Key difference capital budget vs revenue budget.
I revenue budget comprises only revenue receipts and revenue expenditures of the government while capital budget comprises of capital receipts and capital expenditures of the government.
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