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Revenue receipts are further classified into:Tax Revenue and Non-Tax RevenueCapital Receipts:These receipts either reduce the government’s assets or create liabilities.

Major sources of capital receipts include borrowings, disinvestment (resale of shares in public sector undertakings), and recovery of loans.Capital Expenditure:This includes government spending aimed at creating assets such as roads, railway lines, canals, hospitals, schools, etc., or reducing its liabilities, such as loan repayments.Revenue Expenditure:This comprises government spending that neither reduces liabilities nor creates assets.

Examples include salary payments to government employees, provision of free health and education services, and maintenance of public property.Balanced Budget:This occurs when the Central Government’s estimated expenditure matches its expected receipts within a financial year.

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investment in digital currency wealth accumulation ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!This indicates that the government is generating more income from taxes than it is spending on public welfare.Deficit Budget:This arises when the government’s estimated expenditures surpass its revenues in a fiscal year.

investment in digital currency wealth accumulation ✌️【365vc.net】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now!Although this allows the Central Government to increase spending on public welfare, it also increases the burden of accumulating debt.The Budget preparation is a lengthy process that begins six months before the presentation date, typically in August-September.

investment in digital currency wealth accumulation ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!This important document outlines the government’s fiscal policies, plans, and programs.The process starts with the Finance Ministry issuing circulars to ministries and entities, providing guidelines for submitting their financial needs.

Ministries then submit their financial data and estimates, which are reviewed by top government officials.

investment in digital currency wealth accumulation ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!The Finance Ministry allocates revenue in consultation with stakeholders, resolving any disagreements through discussions with the Cabinet or the Prime Minister.Pre-budget meetings are held with various stakeholders to gather recommendations.

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Finally, the Finance Minister presents the Budget to Parliament, summarising key points and the rationale behind the proposals.

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