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56. REVENUE RECEIPTS
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CAPITAL
RECEIPTS
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1.
Meaning
Revenue
receipts include
(a) Tax Revenue
(b) Non-Tax Revenue
2.
Uses For
Revenue
receipts are used for revenue expenditure, which is mostly non-development
such as interest payment, subsidies, etc.
3.
Debt Obligation
Revenue
receipts do not create debt obligation for the Government and therefore,
there is no repayment.
4. Budget Account
Revenue
receipts are included in revenue account of budget.
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Capital Receipts include
(a)
Borrowings
(b)
Recovery of Loans
(c)
Other Sources
Capital Receipts are used for capital
expenditure, which is mostly development in nature such as infrastructure.
Capital receipts such as borrowings
create debt obligation for the Government and therefore, there is need for
repayment.
Capital Receipts are included in capital
account of budget.
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REVENUE RECEIPTS CAPIRAL RECEIPTS
