Admin Table of Contents
What is the difference between public revenue and public expenditure?
Public revenue refers to the income of a government from various sources. 2) Public Expenditure: Public revenue collected from various sources is allocated for different purposes. Generally, it is classified into development expenditure and administrative expenditure.
What is meant by public revenue?
‘Public revenue’ (or Government revenue) is concerned with the Income of the Government through various sources. The Government collects/earns money through various forms of tax and non-tax revenue, and use this money to meet its administrative and other expenditures.
When public revenue is more than public expenditure is called as?
budget
When government revenue exceeds government expenditure, it is known as budget.
What is government revenues and expenditures?
Government revenue or National revenue is money received by a government from taxes and non-tax sources to enable it to undertake government expenditures. Government revenue as well as government spending are components of the government budget and important tools of the government’s fiscal policy.
What is the difference between public revenue and public receipt?
The key difference between revenues and receipts is that revenues are reported as sales on the income statement, while receipts increase the cash total on the balance sheet.
What is an example of public revenue?
These are the receipts by way of prices paid for government produced goods and services. Under this group, postal charges, tolls, interest on loans of state financial institutions or nationalised banks, tuition fees of public educational institutions are included.
What are the two sources of public revenue?
In a modern welfare state, public revenue is of two types, tax revenue and non-tax revenue.
What is revenue expenditure?
Revenue expenditures are short-term expenses used in the current period or typically within one year. Revenue expenditures include the expenses required to meet the ongoing operational costs of running a business, and thus are essentially the same as operating expenses (OPEX).