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Revenue expenditure is expenditure for normal running of the government department and various services interest charges on debt incurred by government subsidies and so on.
Revenue expenditure government budget. A singapore government agency website. A government budget is a financial statement presenting the government s proposed revenues and spending for a financial year. The total government expenditure is rs. 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.
Revenue expenditure refers to the expenditure which neither creates any asset nor causes reduction in any liability of the government. 3 525 billion and as such the difference between the revenue and the expenditure is rs. I revenue expenditure ii capital expenditure. Date for budget 2021 yet to be announced september 2020 current revenue was ec 5 2 million lower than target grants received in september 2020 were ec 3 1 million lower than in 2019 government will not cut expenditure in areas where people need government s help budget 2021 is yet to be.
It is planned to maintain the budget gap at 9 percent of the gdp since the private investments which amounted to 32 3. The government budget balance. Analysis of revenue and expenditure 1107kb 109kb revenue and expenditure estimates 4628kb. About budget budget quiz budget logo budget process.
Deficits occur when a government s expenditures exceed the revenue that it levies. Salaries of employees interest payments on past debts grants given to state governments etc. What is revenue budget revenue budget consists of the revenue receipts of the government tax revenues and other revenues and the expenditure met from these revenues. Tax revenue is the income that is gained by governments through taxation.
The budget expenditure can be broadly categorized as. Revenue expenditure is for the normal running of government departments and. Revenue receipts are divided into tax and non tax revenue. Government revenue 2020 119kb 19kb government expenditure 2020 366kb 393kb ii statement of assets and liabilities.
The estimated government revenue for 2021 is rs.
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