What Is The Revenue Budget?

he Revenue Budget consists of all revenue receipts of the government, which can be from tax and non-tax sources, and the expenditure incurred from these sources. The tax income consists of all receipts from all duties, direct and indirect taxes and levies imposed by the Union. Sources of non-tax revenue are dividends earned from public-sector undertakings, interest earned on investments made by the Centre, and fees earned by the government on services that it provides, and any other receipts. Revenue expenditure is what the government spends on its functioning, for the granting of its social programs, for the funding of subsidies, what the government grants in aid, and the interest the government pays on debt. T

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