Revenue Greater Than Expenditure

In union budget 2018 19 revenue receipt was estimated to be at rs 17 25 lakh crore and revenue expenditure was estimated to be at rs 21 lakh crore which worked out to a revenue deficit of rs 4 lakh crore.

Revenue greater than expenditure. That is with the fall in price the total expenditure on the commodity has increased. Revenue greater than. Surplus budget refers to the excess of government revenue over the expenditure. Occurs when government expenditure is greater than government revenue.

It is revenue in nature. Characteristics of deferred revenue expenditure. Balanced budget surplus. Occurs when government revenue is higher than the government expenditure.

Browse more topics under capital and revenue items. When expenses are greater than revenue. For example if company a spends 1 000 per month on updates for a key piece of software used by each team member each month then the 1 000 is a revenue expenditure in company a s monthly statement. When revenue is greater than expenses.

If the revenue is less than the expenditure a budget is said to be in deficit. If company b has to spend 400 per month on replacement components for its production line then that 400 counts as a revenue expenditure for. Such a model allows focus on long time horizons greater than a year. Expenditure forecasts can apply to aggregate total expenditure or to single expenditure.

When government revenue exceeds government expenditure it is known as surplus budget. It is thus clear that the expenditure op r q on the good at price op is greater than the expenditure oprq at price op. Are government funded enterprise and services such as public schools public hospitals public housing policing pensions and universal credits. The benefit of this expenditure lasts for a period of more than one accounting year.

The difference between revenue receipt and revenue expenditure is known as revenue deficit. Hence the price elasticity of demand is here greater than unity. It pertains wholly or partly for the future years. A surplus is the opposite.

In other words when the government revenue is greater than its expenditure it is called a surplus budget. Model such as illustrated in annex 2. Capital and revenue expenditure and receipts.