Budget

In Budget Classification so far in our previous article Budget Classification system Part 1, we tried to understand the structure of Budget Continuing with that We will discuss furthermore NON TAX REVENUE Comes under Revenue receipt It is defined as the income government earns with no liability Few examples are License fee, Gifts and Grants, […]

Budget government generall classify into two section Budget Receipt and Budget Expenditure which is also further classified into two section Revenue Receipt and Captial Receipt Budget Expenditure is also classified into two categories Revenue Expenditure and Capital Expenditure Revenue Receipt classifies into Tax Revenue and Non-Tax Revenue Direct tax and Indirect Tax come under Tax