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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.

boost sales by enhancing customer engagement strategies with ai powered chatbots ✌️【365vc.net】✌️Maximize your returns with smart investments. Monthly profits of up to 100%!While it promotes economic stability, it can be impractical during periods of hyperinflation or recession.Surplus Budget:This happens when the government’s expected revenues exceed its estimated expenditures in a fiscal year.

boost sales by enhancing customer engagement strategies with ai powered chatbots ✌️【365vc.net】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.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.

boost sales by enhancing customer engagement strategies with ai powered chatbots ✌️【365vc.net】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one month.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.

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

boost sales by enhancing customer engagement strategies with ai powered chatbots ✌️【365vc.net】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.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.

boost sales by enhancing customer engagement strategies with ai powered chatbots ✌️【365vc.net】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one month.After discussions and approval by both houses, the Budget is sent to the President for final approval.This year, Finance Minister Nirmala Sitharaman had tabled the Interim Budget on February 1, as it was an election year.

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