Budget FAQs: What is revenue budget?
- 4 years ago
The revenue budget is the total of the government's revenue receipts and revenue expenditures.
Revenue receipts consist of two sources: Tax and non-tax revenue. Tax revenue includes direct tax such as income tax and indirect tax such as GST, cess and import/export duties.
Non-tax revenue includes the interest earned on the government's investments, loans and other services it renders.
Click here to get the latest updates on Budget 2020: shorturl.at/fENP3
Revenue receipts consist of two sources: Tax and non-tax revenue. Tax revenue includes direct tax such as income tax and indirect tax such as GST, cess and import/export duties.
Non-tax revenue includes the interest earned on the government's investments, loans and other services it renders.
Click here to get the latest updates on Budget 2020: shorturl.at/fENP3