Value of total receipts of government budget
Determine the value of total receipts of government budget when budget deficit is Rs 2,000 crores and the net expenses is Rs 3,000 crores.
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Budget deficit = Total Expenditure - Total receiptsTotal receipts = Total Expenditure - Budget deficit = 3,000 - 2,000 = 1,000 crores
Elucidate the basis of categorizing government receipts into revenue receipts and capital receipts. Answer: Revenue Receipts: The government revenue receipts are such receipts A) that neither makes liability
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