DMPQ- What do you mean by revenue budget and capital budget? Explain the components of the respective meanings also.
The Revenue Budget comprises revenue receipts and expenditure met from these revenues. The revenue receipts include both tax revenue (like income tax, excise duty) and non-tax revenue (like interest receipts, profits). Capital Budget consists of capital receipts {like borrowing, disinvestment) and long period capital expenditure (creation of assets, investment). Capital receipts are receipts of the … Read more DMPQ- What do you mean by revenue budget and capital budget? Explain the components of the respective meanings also.