Main Budget Document is called Annual Financial Statement

As per Article 112 of constitution, It must distinguish expenditure and Income on Revenue Account from Capital Account


Hence, there are 2 types of Budget:

  • Revenue Budget
  • Capital Budget

Parts of Government Budget - Teachoo.JPG

Types of Receipts and Payments in Budget - Teachoo.JPG

Hence, we need to learn 4 Things

  • Revenue Receipts OF Govt Budget
  • Capital Receipts of Govt Budget
  • Revenue Payments of Govt Budget
  • Capital Payments of Govt Budgets


Lets learn about it in detail one by one


NCERT Questions

No questions in this part

Other Books

Question 1

In the following questions, select the correct answers:

Which of the following are the components of a budget?

  1. Capital Budget
  2. Revenue Budget
  3. Both A and B
  4. Neither A nor B
View Answer

Oswaal Questions

Question 1

Revenue budget includes:

  1. revenue receipts of the government
  2. revenue expenditure of the government
  3. capital receipts of the government
  4. both (A) and (B)
View Answer


Parts of Government Budget (As per Article 112 of Constitution) Revenue Budget Capital Budget It shows Revenue Receipts and Revenue Expenditure of Government It shows Capital Receipts and Capital Expenditure of Government Hence we can say Receipts are of 2 types Revenue Receipts Capital Receipts Similarly Expenditure is also of 2 types Revenue Expenditure Capital Expenditure Types of Receipts and Payments in Budget Receipts of Govt (Money Received) Revenue Receipts Capital Receipts Expenditure Of Govt (Money Paid) Revenue Expenditure Capital Expenditure

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Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years and a teacher from the past 18 years. He teaches Science, Economics, Accounting and English at Teachoo