What are the types of revenue budget?

The 2 main components of revenue budget are Tax and Non Tax Revenue which are known as Revenue Receipts and the other component of revenue budget is Non- Plan Revenue Expenditure and Plan Revenue Expenditure which is grouped together as Revenue Expenditure component. You can read about the Revenue Receipts- Tax Revenue and Non-Tax Revenue (UPSC Notes) in the given link.

Based on estimates, Government budgets are of three types, they are – surplus budget, balanced budget, deficit budget.

Further readings:

  1. Taxation System in India – Types, GST, VAT, Objectives, Limitation, Laffer Curve
  2. Double Taxation Avoidance Agreement (DTAA) – Countries Involved, Income Tax Provisions

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