Question

Distinguish between the following

Revenue budget and Capital budget.

Answer 1

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.