What is the revenue budget in simple words?

The revenue budget helps us to understand the sources from where the Government is getting their revenue. It shows tax revenues, other revenues and the expenditure of the Government from these revenues. You can read about the Revenue Receipts- Tax Revenue and Non-Tax Revenue (UPSC Notes) in the given link.

Even disinvestments are a source of revenue for the Government and these are sources of non-tax revenue for the Government. The Government also earns dividends and interests from various instruments where the Government has invested. 

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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