What is the annual revenue budget?

The annual revenue budget of the Government gives information on the sources of revenue, of the government. The revenue budget consists of expenditure met using the revenue, and revenue receipts of the Government of India. You can read about the Union Budget 2021 Summary in the given link.

The Government’s sources of revenue are tax revenue and non-tax revenue. One of the biggest sources of tax revenue for the Government is the Goods and Services tax (GST).

Further readings:

  1. Difference between Economic Survey and Union Budget
  2. Previous Years Economics Mains Questions in UPSC Civil Service Exam, General Studies Paper – 3

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