Revenue expenditure and revenue receipts are significantly larger than capital expenditure and capital receipts (excluding borrowings). When borrowings are included in Capital Receipts (as is common practice when discussing total receipts), Capital Receipts are usually larger than Capital Expenditure.
Arrange the following items with respect to Union Budget in India in descending order (highest to lowest ₹ crore): A. Revenue Expenditure B. Capital Expenditure C. Revenue Receipts D. Capital Receipts
Asked in KPSC KAS Prelims 2024 · Topic: Fiscal Policy & Revenue (Government Budgeting: Structure, types, and implications)
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