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What is the difference between revenue budget and capital budget?

Posted by अनुज राय 5 years ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 4 years, 11 months ago

A revenue budget is a statement of estimated revenue receipts of the government and the expenditure met from such revenue. Revenue items are of recurring nature. On the other hand, a capital budget is a statement of estimated capital receipts and capital payments of the government over a fiscal year (Mind, capital receipts create liabilities or reduce assets.)

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