Government Budget

 Budgetary Procedure: The budgetary process in India involves four different operations namely,        1. Preparation of the Budget    […]

 Balanced Budget Vs. Deficit or Surplus Budget On the basis of the magnitude of receipts and expenditures budget can be

Classification of Govt. Expenditure:     Budget expenditure is the estimated expenditure to be incurred by the govt. during a

Classification of Budget Receipts:    The central government raises its revenue in the budget through   a. Revenue Receipts  and   b.

Components of The Budget:    The Constitution of India demands that the budget must distinguish expenditure on revenue account from

Government Budget:  Meaning :    The government has to incur expenditure in maintaining law and order and in undertaking various