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Government Receipts and Government Expenditures

Is it correct...

Question

Is it correct that if revenue budget balances, capital budget also balances?

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Solution

No, the given statement is incorrect. Because revenue budget shows revenue receipts and revenue expenditure while capital budget shows capital receipts and capital expenditure.

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Similar questions

Q. Distinguish between:
1. Revenue budget and capital budget
2. Direct tax and indirect tax
3. Deficit budget and balanced budget

Distinguish between revenue budget and capital budget.

Q. Differentiate between revenue budget and capital budget.

Q. Choose the correct option.

Statement I: A country is said to have a surplus budget if its total expenditure is more than its total revenue.

Statement II: A country is said to have a balanced budget if its total expenditure is less than its total revenue.

Q. The revenue budget consists of capital receipts and capital expenditure.

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