Revenue Expenditure Of Govt

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 of govt. Government revenues in india averaged 3229 64 inr billion from 1997 until 2020 reaching an all time high of 17507 27 inr billion in march of 2020 and a record low of 0 82 inr billion in april of 1999. 30 national heroes circle kingston 4 jamaica phone. This totalled 86 5 billion in the 2018 19 financial year. I the expenditure must not create an asset of the government.

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. What is the definition of government expenditures. Revenue expenditure is that part of government expenditure that does not result in the creation of assets. For example payment of salaries or pension is revenue expenditure as it does not create any asset.

Sources of revenue and expenditure of government of india 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. The government s main sources of revenue come from tax levies fees investment income and from the sales of goods and services. Total core crown revenue for the 2018 19 financial year was 119 3 billion. Generally expenditure incurred on normal running of the government departments and maintenance of services is treated as revenue expenditure.

Plan expenditure is further sub classified into revenue expenditure and capital expenditure which along with their components are shown in the preceding chart. This page provides india government revenues actual values historical. This refers to the estimated expenditure provided in the budget for spending during the year on routine functioning of the government. An expenditure is a revenue expenditure if it satisfies the following two essential conditions.

Payment of salaries wages pensions subsidies and interest fall in this category as. However the amount spent on construction of metro is not revenue. Salaries of employees interest payments on past debts grants given to state governments etc. Government revenues in india increased to 5654 17 inr billion in september from 3773 06 inr billion in august of 2020.

What does government expenditures mean.