We know that
There are 2 types of Receipts in Budget
- Revenue Receipts
- Capita Receipts
Lets understand them with the help of some examples
Understanding Different Types of Receipts in Budget
Last updated at Dec. 13, 2024 by Teachoo
Chapter 5 - Government Budget
What is Budget?
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Economics Class 12
Macroeconomics
- Chapter 1 Macro - Introduction
- Chapter 2 National Income Accounting - Basic Concepts
- Chapter 2 National Income - Part 2 Concept of GDP and GNP
- Chapter 2 National Income - Part 3 Value Added Method
- Chapter 2 National Income - Part 4 Income Method
- Chapter 2 National Income - Part 5 Expenditure Method
- Chapter 2 National Income - Part 6 Summary of Different Methods
- Chapter 3 Part 1 - Money
- Chapter 3 Part 2 - Banking
- Chapter 4 Part 1 - AD,AS and Related Concepts
- Chapter 4 Part 2 - Income Determination and Multiplier
- Chapter 4 Part 3 - Excess Demand and Excess Supply
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Chapter 5 - Government Budget
- Chapter 6 Part 1 - Foreign Exchange Rates
- Chapter 6 Part 2 - Balance of Payment
Transcript
Types of Receipts in Budget Revenue Receipts Capital Receipts It refers to Receipts which are not redeemable (which cannot be Returned or reclaimed) It Receipts which increase liability Or Reduce Financial Assets What is Public Provision PUBLIC PROVISION Government Provided by Goods and Services which are provided by government free of cost in Government Budget Who Provides these Goods? These are provided by Government Who Produces these Goods? May be Produced by Public Sector (Govt) or Private Sector Note Public Provision and Public Production are Different Difference between Public Provision and Public Production PUBLIC PROVISION PUBLIC PRODUCTION Govt. Provided Goods and Services which are Provided by Government Free of cost In Govt. Budget May be Produced By Public Sector Or Private Sector Note Public Provision is made for Public Goods. However they be produced by anyone-Public or Private Produced by Public Sector Only (Not Pvt. Sector) Goods and Services are Produced by Govt.
