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One of the two components of government expenditure in the budget are
- a)Budget receipts
- b)Revenue Expenditure
- c)Expenditure receipts
- d)Revenue receipts
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
One of the two components of government expenditure in the budget area...
Revenue Expenditure:
Revenue expenditure is one of the two components of government expenditure in the budget. It refers to the expenses incurred by the government for its day-to-day functioning and for providing essential services to the public. This type of expenditure does not result in the creation of assets or reduction in liabilities for the government.
Key Points:
- Revenue expenditure includes expenses such as salaries, pensions, subsidies, interest payments, maintenance costs, and other operational expenses.
- It is recurring in nature and is incurred to meet the regular expenses of the government.
- Revenue expenditure does not lead to the creation of physical assets and is considered as a cost of doing business for the government.
- It is essential for the government to meet its operational needs and to ensure the smooth functioning of various sectors such as education, healthcare, defense, and infrastructure.
- Proper management of revenue expenditure is crucial to maintain fiscal discipline and ensure the efficient allocation of resources.
In conclusion, revenue expenditure plays a significant role in the budgetary process of the government and is a key component of government expenditure. It is essential for providing essential services and meeting the day-to-day operational needs of the government.
Revenue expenditure is one of the two components of government expenditure in the budget. It refers to the expenses incurred by the government for its day-to-day functioning and for providing essential services to the public. This type of expenditure does not result in the creation of assets or reduction in liabilities for the government.
Key Points:
- Revenue expenditure includes expenses such as salaries, pensions, subsidies, interest payments, maintenance costs, and other operational expenses.
- It is recurring in nature and is incurred to meet the regular expenses of the government.
- Revenue expenditure does not lead to the creation of physical assets and is considered as a cost of doing business for the government.
- It is essential for the government to meet its operational needs and to ensure the smooth functioning of various sectors such as education, healthcare, defense, and infrastructure.
- Proper management of revenue expenditure is crucial to maintain fiscal discipline and ensure the efficient allocation of resources.
In conclusion, revenue expenditure plays a significant role in the budgetary process of the government and is a key component of government expenditure. It is essential for providing essential services and meeting the day-to-day operational needs of the government.
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Community Answer
One of the two components of government expenditure in the budget area...
A revenue expenditure is an amount that is expensed immediately—thereby being matched with revenues of the current accounting period. Routine repairs are revenue expenditures because they are charged directly to an account such as Repairs and Maintenance Expense.
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Question Description
One of the two components of government expenditure in the budget area)Budget receiptsb)Revenue Expenditurec)Expenditure receiptsd)Revenue receiptsCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about One of the two components of government expenditure in the budget area)Budget receiptsb)Revenue Expenditurec)Expenditure receiptsd)Revenue receiptsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for One of the two components of government expenditure in the budget area)Budget receiptsb)Revenue Expenditurec)Expenditure receiptsd)Revenue receiptsCorrect answer is option 'B'. Can you explain this answer?.
One of the two components of government expenditure in the budget area)Budget receiptsb)Revenue Expenditurec)Expenditure receiptsd)Revenue receiptsCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about One of the two components of government expenditure in the budget area)Budget receiptsb)Revenue Expenditurec)Expenditure receiptsd)Revenue receiptsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for One of the two components of government expenditure in the budget area)Budget receiptsb)Revenue Expenditurec)Expenditure receiptsd)Revenue receiptsCorrect answer is option 'B'. Can you explain this answer?.
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