Distinguish between the following
Revenue budget and Capital budget.
|Revenue Budget||Capital Budget|
|Revenue budget comprises of those items that neither leads to a change in the assets nor a change in the liabilities of the government.||Capital budget comprises of those items that lead to a change in either the assets or liabilities of the government.|
|It consists of revenue receipts and revenue expenditure.||It consists of capital receipts and capital expenditure.|
|It includes such revenue and expenditure that are incurred in the day to day life.||It includes such items that are long-term in nature.|
Concept: Features of Government Budget
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