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One of the other two components of government expenditure in the budget are
Budget receipts
Revenue Expenditure
Expenditure receipts
Capital Expenditure
- Budget Receipts: These are the government's incoming funds, including taxes, duties, and borrowings. They are not a component of government expenditure but rather its sources.
- Revenue Expenditure: This refers to regular expenses necessary for daily operations, like salaries and subsidies. It's one part of government spending, focusing on maintaining current levels of productivity.
- Expenditure Receipts: This term is not typically used in budgetary contexts and seems incorrect.
- Capital Expenditure: This involves spending on assets like infrastructure, which generate future benefits. It's the other main component of government expenditure alongside revenue expenditure.
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