Components of Govt Budget

Main Budget Document is called Annual Financial Statement

As per Article 112 of constitution, It must distinguish expenditure and Income on Revenue Account from Capital Account

Hence, there are 2 types of Budget:

• Revenue Budget
• Capital Budget

Hence, we need to learn 4 Things

• Revenue Receipts OF Govt Budget
• Capital Receipts of Govt Budget
• Revenue Payments of Govt Budget
• Capital Payments of Govt Budgets

Lets learn about it in detail one by one

NCERT Questions

No questions in this part

Other Books

Question 1

In the following questions, select the correct answers:

Which of the following are the components of a budget?

1. Capital Budget
2. Revenue Budget
3. Both A and B
4. Neither A nor B

Oswaal Questions

Question 1

Revenue budget includes:

1. revenue receipts of the government
2. revenue expenditure of the government
3. capital receipts of the government
4. both (A) and (B)