We know that
There are 2 types of Receipts in Budget
- Revenue Receipts
- Capita Receipts
Lets understand them with the help of some examples
Chapter 5 - Government Budget
Chapter 5 - Government Budget
Last updated at Dec. 13, 2024 by Teachoo
We know that
There are 2 types of Receipts in Budget
Lets understand them with the help of some examples
Types of Receipts in Budget Revenue Receipts Capital Receipts It refers to Receipts which are not redeemable (which cannot be Returned or reclaimed) It Receipts which increase liability Or Reduce Financial Assets What is Public Provision PUBLIC PROVISION Government Provided by Goods and Services which are provided by government free of cost in Government Budget Who Provides these Goods? These are provided by Government Who Produces these Goods? May be Produced by Public Sector (Govt) or Private Sector Note Public Provision and Public Production are Different Difference between Public Provision and Public Production PUBLIC PROVISION PUBLIC PRODUCTION Govt. Provided Goods and Services which are Provided by Government Free of cost In Govt. Budget May be Produced By Public Sector Or Private Sector Note Public Provision is made for Public Goods. However they be produced by anyone-Public or Private Produced by Public Sector Only (Not Pvt. Sector) Goods and Services are Produced by Govt.