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One of the two components of government expenditure in the budget are
Expenditure receipts
Budget receipts
Revenue Expenditure
Revenue receipts
- Expenditure receipts: This isn't a recognized term in public finance. Government budgets typically discuss expenditures and receipts separately, without categorizing anything specifically as "expenditure receipts."
- Budget receipts: This typically refers to the total income collected by the government. This includes both revenue and capital receipts. It isn't considered as a component of government expenditure.
- Revenue Expenditure: This is a part of government expenditure. It involves spending on day-to-day functioning, like salaries and subsidies. It's essential for government operations but doesn't create any physical assets.
- Revenue receipts: These include tax and non-tax revenues that the government earns in the normal course of its activities. These are not categorized under government expenditure.
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