Which is a component of the Budget Receipt ........

Which is a component of the Budget Receipt?

Revenue Receipt

Capital Receipt

Both (a) and (b)

None of the above

- Budget Receipts comprise two main components:

- Revenue Receipt:

- Revenue Receipts are the funds collected by the government from taxes, duties, interest, and dividends.

- These are regular receipts and do not create any liabilities or reduce any assets.

- Capital Receipt:

- Capital Receipts include funds raised from loans, disinvestments, and recovery of loans.

- This type of receipt impacts the government's liability or asset position by borrowing or selling its assets.

- Option 3: Both (a) and (b) is correct because Budget Receipts consist of both Revenue and Capital Receipts.

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