Revenue Budget What Is It
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The amount of money allocated to the maintenance and growth of a business.
Revenue budget what is it. This also accounts for the revenue for the government. These expenditures and receipts are related to the day to day functioning of the government. Revenue budget involves revenue receipts and revenue expenditure. 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. A revenue budget is essential to management and is the result of a business s forecasts of sales revenue expenses and capital expenditures. The revenue budget consists of revenue receipts of the government revenues from tax and other sources and its expenditure. Revenue budgets help business save time and effort by the proper allocation of resources.
Its non tax revenue includes the disinvestments that the government does in the companies where it holds stakes. Revenue receipts are divided into tax and non tax revenue. The revenue budget.
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