Question

_____________ budget includes receipts of the government through tax and non-tax sources and that expenditure which doesn't affect the assets and liabilities of the government.

• A. Revenue
• B. Capital
• C. Both A & B
• D. Neither A nor B

Answer 1

Answer: (A)

Revenue

Revenue budget are the money receipts or payments that does not lead to decrease or increase in the value of asset and liability of the government. It usually includes the tax and non tax receipts of the government and the public services expenditure of the government.