ABM Case Study on Revenue and Fiscal Deficit



Revenue deficit is the gap between the consumption expenditure (revenue expenditure) of the Government (Union or the State Governments) and its current revenues (revenue receipts). It also indicates the extent to which the government has borrowed to finance the current expenditure. Revenue receipts consist of tax revenues and non-tax revenues. Tax revenues comprise proceeds of taxes and other duties levied. The expenditure incurred for normal running of government functionaries, which otherwise does not result in creation of assets is called revenue expenditure. Get Prev Year Ques JAIIB CAIIB and Bank Promotion Material
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Accounting & Finance for Banking

Principles & Practices of Banking Module E Pdf

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Accounting and Finance for Banking Module A Pdf

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Accounting and Finance for Banking Module A Pdf

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Accounting and finance for bankers all ePDFs are available in our an app. Get them all at https://iibf.info/app

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