Revenue Budget Of Meaning

Revenue budget definition meaning english dictionary synonym see also revenue cutter revenue tariff inland revenue internal revenue reverso dictionary.

Revenue budget of meaning. Revenue receipts are divided into tax and non tax revenue. In many cases the most important of these by far is taxation. Governments acquire the resources to finance their expenditures through a number of different methods. The revenue budget consists of revenue receipts of the government revenues from tax and other sources and its expenditure.

A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re evaluated on a periodic basis. Revenue budget involves revenue receipts and revenue expenditure. Revenue budget is less complicated compared to capital budget. Tax revenue is the income that is gained by governments through taxation.

Revenue budget is a main budget that is prepared for the year as a part of the budget process. The revenue budget. They are necessary because income and expenditure do not occur simultaneously. These expenditures and receipts are related to the day to day functioning of the government.

Government budget government budget revenue. Government s revenue and expenditure decisions are presented in the budget. Budget being an essential and important element of planning and development provide the specific development objectives to be pursued and the required policy direction. Similarly when the government is performing its day today functions lot of revenue will be accrued to it.

Expenditure is needed to finance government functions like defense social services administration etc and these are the main revenue expenditures. Revenue budget consists of the revenue receipts of government tax revenues and other revenues like interest and dividend on investments made by government fees and other receipts for services rendered by government and the expenditure met from these revenues.