Notes : Government Budget & the Economy Class 12 Notes | EduRev

Class 12 : Notes : Government Budget & the Economy Class 12 Notes | EduRev

 Page 1


 
 
103 
 
 
UNIT IX: GOVERNMENT BUDGET AND THE ECONOMY 
KEY CONCEPTS: 
• Meaning of the Budget 
• Objectives of the Budget 
• Components of the Budget 
• Budget Receipts 
• Budget Expenditure 
• Balanced, Surplus and Deficit Budgets 
• Types of Deficits 
 
             
 
GOVERNMENT BUDGET – A FLOW CHART 
 
 
 
1 MARK QUESTIONS AND ANSWERS 
 
1. Define a Budget. 
Ans:   It is an annual statement of the estimated Receipts and Expenditures of the Government 
over the fiscal year which runs from April –I  to March 31. 
2. Name the two broad divisions of the Budget. 
Ans:  i) Revenue Budget 
        ii)  Capital Budget 
3. What are the two Budget Receipts? 
Ans:  i) Revenue Receipts 
         ii)  Capital Receipts 
 
Page 2


 
 
103 
 
 
UNIT IX: GOVERNMENT BUDGET AND THE ECONOMY 
KEY CONCEPTS: 
• Meaning of the Budget 
• Objectives of the Budget 
• Components of the Budget 
• Budget Receipts 
• Budget Expenditure 
• Balanced, Surplus and Deficit Budgets 
• Types of Deficits 
 
             
 
GOVERNMENT BUDGET – A FLOW CHART 
 
 
 
1 MARK QUESTIONS AND ANSWERS 
 
1. Define a Budget. 
Ans:   It is an annual statement of the estimated Receipts and Expenditures of the Government 
over the fiscal year which runs from April –I  to March 31. 
2. Name the two broad divisions of the Budget. 
Ans:  i) Revenue Budget 
        ii)  Capital Budget 
3. What are the two Budget Receipts? 
Ans:  i) Revenue Receipts 
         ii)  Capital Receipts 
 
 
 
104 
 
4. Name the two types of Revenue Receipts. 
Ans:  i) Tax Revenue 
        ii)  Non-tax Revenue 
5. What are the two types of taxes? 
Ans:  a) Direct Taxes:          i) Income Tax, ii) Interest Tax, iii) Wealth Tax 
          b) Indirect Taxes:       i) Customs duties, ii) Excise duties, iii) Sales Tax 
 6.   What are the main items of Capital Receipts? 
 Ans:  a) Market Loans (loans raised by the government from the public) 
                 b) Borrowings by the Government 
 c) Loans received from foreign governments and International financial Institutions.      
 7.  Give two examples of Developmental Expenditure. 
 Ans:  Plan expenditure of Railways and Posts 
 8.   Give two examples of Non-Developmental expenditures. 
 Ans:  i) Expenditure on defence 
               ii)  Interest payments 
9.  Define Surplus Budget. 
Ans:  A Surplus Budget is one where the estimated revenues are greater than the Estimated   
expenditures. 
 
10.  What are the four different concepts of Budget Deficits? 
 Ans:  a) Budget Deficit 
           b)  Revenue Deficit 
           c)  Primary Deficit and 
           d)  Fiscal Deficit 
3 AND 4 MARK QUESTIONS AND ANSWERS 
1. Explain the objectives of the Government Budget. 
Ans:  These below are the main objectives of the Government Budget. 
a) Activities to secure reallocation of resources: - The Government has to reallocate 
resources with social and economic considerations. 
b) Redistributive Activities: - The Government redistributes income and wealth to reduce 
inequalities. 
c) Stabilizing Activities: - The Government tries to prevent business fluctuations and 
maintain economic stability. 
d) Management of Public Enterprises: - Government undertakes commercial activities that 
are of the nature of natural Monopolies, heavy manufacturing etc., through its public 
enterprises. 
2. What are the components of the Budget? 
Ans:  These below are the main components of the Government Budget.  They are--- 
Page 3


 
 
103 
 
 
UNIT IX: GOVERNMENT BUDGET AND THE ECONOMY 
KEY CONCEPTS: 
• Meaning of the Budget 
• Objectives of the Budget 
• Components of the Budget 
• Budget Receipts 
• Budget Expenditure 
• Balanced, Surplus and Deficit Budgets 
• Types of Deficits 
 
             
 
GOVERNMENT BUDGET – A FLOW CHART 
 
 
 
1 MARK QUESTIONS AND ANSWERS 
 
1. Define a Budget. 
Ans:   It is an annual statement of the estimated Receipts and Expenditures of the Government 
over the fiscal year which runs from April –I  to March 31. 
2. Name the two broad divisions of the Budget. 
Ans:  i) Revenue Budget 
        ii)  Capital Budget 
3. What are the two Budget Receipts? 
Ans:  i) Revenue Receipts 
         ii)  Capital Receipts 
 
 
 
104 
 
4. Name the two types of Revenue Receipts. 
Ans:  i) Tax Revenue 
        ii)  Non-tax Revenue 
5. What are the two types of taxes? 
Ans:  a) Direct Taxes:          i) Income Tax, ii) Interest Tax, iii) Wealth Tax 
          b) Indirect Taxes:       i) Customs duties, ii) Excise duties, iii) Sales Tax 
 6.   What are the main items of Capital Receipts? 
 Ans:  a) Market Loans (loans raised by the government from the public) 
                 b) Borrowings by the Government 
 c) Loans received from foreign governments and International financial Institutions.      
 7.  Give two examples of Developmental Expenditure. 
 Ans:  Plan expenditure of Railways and Posts 
 8.   Give two examples of Non-Developmental expenditures. 
 Ans:  i) Expenditure on defence 
               ii)  Interest payments 
9.  Define Surplus Budget. 
Ans:  A Surplus Budget is one where the estimated revenues are greater than the Estimated   
expenditures. 
 
10.  What are the four different concepts of Budget Deficits? 
 Ans:  a) Budget Deficit 
           b)  Revenue Deficit 
           c)  Primary Deficit and 
           d)  Fiscal Deficit 
3 AND 4 MARK QUESTIONS AND ANSWERS 
1. Explain the objectives of the Government Budget. 
Ans:  These below are the main objectives of the Government Budget. 
a) Activities to secure reallocation of resources: - The Government has to reallocate 
resources with social and economic considerations. 
b) Redistributive Activities: - The Government redistributes income and wealth to reduce 
inequalities. 
c) Stabilizing Activities: - The Government tries to prevent business fluctuations and 
maintain economic stability. 
d) Management of Public Enterprises: - Government undertakes commercial activities that 
are of the nature of natural Monopolies, heavy manufacturing etc., through its public 
enterprises. 
2. What are the components of the Budget? 
Ans:  These below are the main components of the Government Budget.  They are--- 
 
 
105 
 
a) Budget Receipts 
b) Budget Expenditure 
Budget receipts may be classified as: 
i) Revenue Receipts and 
ii) Capital Receipts 
          Revenue Receipts may be classified as: 
i) Tax Revenue and 
ii) Non-tax Revenue 
Budget Expenditure may be classified as ------- 
a) Revenue Expenditure and Capital Expenditure 
b) Plan Expenditure and Non-Plan Expenditure 
c) Developmental and Non-Developmental Expenditure 
3. Define Direct Taxes and Indirect taxes and give two examples each. 
i) Direct Tax: - These are those taxes levied immediately on the property and Income of 
persons, and those that are paid directly by the consumers to the state. 
Examples: Income Tax, Wealth Tax, Corporation Tax etc. 
ii) Indirect Taxes: These are those taxes that affect the income and property of persons 
through their consumption expenditure.    Indirect taxes are those taxes levied on one 
person but paid by another person. 
Examples:  Customs duties, excise duties, sales tax, service tax etc.  
 
 
4. What are the Non-Tax Revenue receipts? 
Ans:  These below are the Non-tax revenue receipts: 
a) Commercial Revenue: Examples-Payments for postage, toll, interest on funds borrowed 
from government credit corporations, electricity, Railway services. 
b) Interest and dividends 
c) Administrative revenue: Examples: Fees, fines, penalties etc., 
5. What are the three major ways of Public Expenditure? 
Ans:  These below are the three ways of Public Expenditure---- 
a) Revenue Expenditure and Capital Expenditure 
b) Plan Expenditure and Non-Plan Expenditure 
c) Development and Non-developmental Expenditure. 
6. What do you mean by Revenue Expenditure and Capital Expenditure? 
Ans:  i) Revenue Expenditure:-  It is the expenditure incurred for the normal running of 
government departments and provision of various services like interest charges on debt, 
subsidies etc., 
 ii)Capital Expenditure:-  It consists mainly of expenditure on acquisition of assets like land, 
building, machinery, equipment etc., and loans and advances granted by the Central 
Government to States & Union Territories. 
 
Page 4


 
 
103 
 
 
UNIT IX: GOVERNMENT BUDGET AND THE ECONOMY 
KEY CONCEPTS: 
• Meaning of the Budget 
• Objectives of the Budget 
• Components of the Budget 
• Budget Receipts 
• Budget Expenditure 
• Balanced, Surplus and Deficit Budgets 
• Types of Deficits 
 
             
 
GOVERNMENT BUDGET – A FLOW CHART 
 
 
 
1 MARK QUESTIONS AND ANSWERS 
 
1. Define a Budget. 
Ans:   It is an annual statement of the estimated Receipts and Expenditures of the Government 
over the fiscal year which runs from April –I  to March 31. 
2. Name the two broad divisions of the Budget. 
Ans:  i) Revenue Budget 
        ii)  Capital Budget 
3. What are the two Budget Receipts? 
Ans:  i) Revenue Receipts 
         ii)  Capital Receipts 
 
 
 
104 
 
4. Name the two types of Revenue Receipts. 
Ans:  i) Tax Revenue 
        ii)  Non-tax Revenue 
5. What are the two types of taxes? 
Ans:  a) Direct Taxes:          i) Income Tax, ii) Interest Tax, iii) Wealth Tax 
          b) Indirect Taxes:       i) Customs duties, ii) Excise duties, iii) Sales Tax 
 6.   What are the main items of Capital Receipts? 
 Ans:  a) Market Loans (loans raised by the government from the public) 
                 b) Borrowings by the Government 
 c) Loans received from foreign governments and International financial Institutions.      
 7.  Give two examples of Developmental Expenditure. 
 Ans:  Plan expenditure of Railways and Posts 
 8.   Give two examples of Non-Developmental expenditures. 
 Ans:  i) Expenditure on defence 
               ii)  Interest payments 
9.  Define Surplus Budget. 
Ans:  A Surplus Budget is one where the estimated revenues are greater than the Estimated   
expenditures. 
 
10.  What are the four different concepts of Budget Deficits? 
 Ans:  a) Budget Deficit 
           b)  Revenue Deficit 
           c)  Primary Deficit and 
           d)  Fiscal Deficit 
3 AND 4 MARK QUESTIONS AND ANSWERS 
1. Explain the objectives of the Government Budget. 
Ans:  These below are the main objectives of the Government Budget. 
a) Activities to secure reallocation of resources: - The Government has to reallocate 
resources with social and economic considerations. 
b) Redistributive Activities: - The Government redistributes income and wealth to reduce 
inequalities. 
c) Stabilizing Activities: - The Government tries to prevent business fluctuations and 
maintain economic stability. 
d) Management of Public Enterprises: - Government undertakes commercial activities that 
are of the nature of natural Monopolies, heavy manufacturing etc., through its public 
enterprises. 
2. What are the components of the Budget? 
Ans:  These below are the main components of the Government Budget.  They are--- 
 
 
105 
 
a) Budget Receipts 
b) Budget Expenditure 
Budget receipts may be classified as: 
i) Revenue Receipts and 
ii) Capital Receipts 
          Revenue Receipts may be classified as: 
i) Tax Revenue and 
ii) Non-tax Revenue 
Budget Expenditure may be classified as ------- 
a) Revenue Expenditure and Capital Expenditure 
b) Plan Expenditure and Non-Plan Expenditure 
c) Developmental and Non-Developmental Expenditure 
3. Define Direct Taxes and Indirect taxes and give two examples each. 
i) Direct Tax: - These are those taxes levied immediately on the property and Income of 
persons, and those that are paid directly by the consumers to the state. 
Examples: Income Tax, Wealth Tax, Corporation Tax etc. 
ii) Indirect Taxes: These are those taxes that affect the income and property of persons 
through their consumption expenditure.    Indirect taxes are those taxes levied on one 
person but paid by another person. 
Examples:  Customs duties, excise duties, sales tax, service tax etc.  
 
 
4. What are the Non-Tax Revenue receipts? 
Ans:  These below are the Non-tax revenue receipts: 
a) Commercial Revenue: Examples-Payments for postage, toll, interest on funds borrowed 
from government credit corporations, electricity, Railway services. 
b) Interest and dividends 
c) Administrative revenue: Examples: Fees, fines, penalties etc., 
5. What are the three major ways of Public Expenditure? 
Ans:  These below are the three ways of Public Expenditure---- 
a) Revenue Expenditure and Capital Expenditure 
b) Plan Expenditure and Non-Plan Expenditure 
c) Development and Non-developmental Expenditure. 
6. What do you mean by Revenue Expenditure and Capital Expenditure? 
Ans:  i) Revenue Expenditure:-  It is the expenditure incurred for the normal running of 
government departments and provision of various services like interest charges on debt, 
subsidies etc., 
 ii)Capital Expenditure:-  It consists mainly of expenditure on acquisition of assets like land, 
building, machinery, equipment etc., and loans and advances granted by the Central 
Government to States & Union Territories. 
 
 
 
106 
 
7. Define Balanced, Surplus and Deficit Budgets. 
Ans:  a) Balanced Budget:-  It is one where the estimated revenue  EQUALS  the estimated 
expenditure. 
          b)  Surplus Budget:- It is one where the estimated revenue is  GREATER THAN the 
estimated expenditures. 
          c) Deficit Budget:-  It is one where the estimated revenue is  LESS THAN the estimated 
expenditure. 
8.    Explain the four different concepts of Budget deficit. 
       Ans:  These are the four different concepts of Budget Deficit. 
a) Budget Deficit:-  It is the difference between the total expenditure, current revenue and 
net internal and external capital receipts of the government. 
Formulae:   B.D = B.E >   B.R (B.D= Budget Deficit, B.E. Budget Expenditure B.R= 
Budget Revenue 
b) Fiscal Deficit:-  It is the difference between the total expenditure of the government, the 
revenue receipts PLUS those capital receipts which finally accrue to the government. 
Formulae:  F.D = B.E - B.R (B.E > B.R. other than borrowings) F.D=Fiscal Deficit,  
B.E= Budget Expenditure, B.R. = Budget Receipts. 
c) Revenue Deficit: -  It is the excess of governments revenue expenditures over revenue 
receipts. 
Formulae:  R.D= R.E – R.R., When R.E > R.R., R.D= Revenue Deficit, R.E= Revenue 
Expenditure, R.R. = Revenue Receipts. 
d) Primary Deficit: - It is the fiscal deficit MINUS Interest payments. 
Formulae: P.D= F.D – I.P, P.D= Primary Deficit, F.D= Fiscal Deficit, I.P= Interest 
Payment. 
 
06 MARK QUESATIONS AND ANSWERS 
1. How is tax revenue different from administrative revenue? 
Ans:  
a) Tax Revenue:-   
i) It is the main source  of revenue of the government 
ii) It is the revenue that arises on account of taxes levied by the government. 
iii) Taxes of two types i.e., Direct and Indirect. 
iv) Direct taxes are those taxes levied immediately on the property and income of 
persons. Examples: Income Tax, Corporate Tax, Wealth Tax etc., Incidence and 
impact falls on same person. 
v) Indirect taxes are those taxes levied on the production and sale of the goods. 
Examples: Sales Tax, Excise Duty etc. Tax paid by one person but burden taken 
by another person. 
b) Administrative Revenue:- 
i) It is the revenue that arises on account of the administrative function of the 
Government. 
Page 5


 
 
103 
 
 
UNIT IX: GOVERNMENT BUDGET AND THE ECONOMY 
KEY CONCEPTS: 
• Meaning of the Budget 
• Objectives of the Budget 
• Components of the Budget 
• Budget Receipts 
• Budget Expenditure 
• Balanced, Surplus and Deficit Budgets 
• Types of Deficits 
 
             
 
GOVERNMENT BUDGET – A FLOW CHART 
 
 
 
1 MARK QUESTIONS AND ANSWERS 
 
1. Define a Budget. 
Ans:   It is an annual statement of the estimated Receipts and Expenditures of the Government 
over the fiscal year which runs from April –I  to March 31. 
2. Name the two broad divisions of the Budget. 
Ans:  i) Revenue Budget 
        ii)  Capital Budget 
3. What are the two Budget Receipts? 
Ans:  i) Revenue Receipts 
         ii)  Capital Receipts 
 
 
 
104 
 
4. Name the two types of Revenue Receipts. 
Ans:  i) Tax Revenue 
        ii)  Non-tax Revenue 
5. What are the two types of taxes? 
Ans:  a) Direct Taxes:          i) Income Tax, ii) Interest Tax, iii) Wealth Tax 
          b) Indirect Taxes:       i) Customs duties, ii) Excise duties, iii) Sales Tax 
 6.   What are the main items of Capital Receipts? 
 Ans:  a) Market Loans (loans raised by the government from the public) 
                 b) Borrowings by the Government 
 c) Loans received from foreign governments and International financial Institutions.      
 7.  Give two examples of Developmental Expenditure. 
 Ans:  Plan expenditure of Railways and Posts 
 8.   Give two examples of Non-Developmental expenditures. 
 Ans:  i) Expenditure on defence 
               ii)  Interest payments 
9.  Define Surplus Budget. 
Ans:  A Surplus Budget is one where the estimated revenues are greater than the Estimated   
expenditures. 
 
10.  What are the four different concepts of Budget Deficits? 
 Ans:  a) Budget Deficit 
           b)  Revenue Deficit 
           c)  Primary Deficit and 
           d)  Fiscal Deficit 
3 AND 4 MARK QUESTIONS AND ANSWERS 
1. Explain the objectives of the Government Budget. 
Ans:  These below are the main objectives of the Government Budget. 
a) Activities to secure reallocation of resources: - The Government has to reallocate 
resources with social and economic considerations. 
b) Redistributive Activities: - The Government redistributes income and wealth to reduce 
inequalities. 
c) Stabilizing Activities: - The Government tries to prevent business fluctuations and 
maintain economic stability. 
d) Management of Public Enterprises: - Government undertakes commercial activities that 
are of the nature of natural Monopolies, heavy manufacturing etc., through its public 
enterprises. 
2. What are the components of the Budget? 
Ans:  These below are the main components of the Government Budget.  They are--- 
 
 
105 
 
a) Budget Receipts 
b) Budget Expenditure 
Budget receipts may be classified as: 
i) Revenue Receipts and 
ii) Capital Receipts 
          Revenue Receipts may be classified as: 
i) Tax Revenue and 
ii) Non-tax Revenue 
Budget Expenditure may be classified as ------- 
a) Revenue Expenditure and Capital Expenditure 
b) Plan Expenditure and Non-Plan Expenditure 
c) Developmental and Non-Developmental Expenditure 
3. Define Direct Taxes and Indirect taxes and give two examples each. 
i) Direct Tax: - These are those taxes levied immediately on the property and Income of 
persons, and those that are paid directly by the consumers to the state. 
Examples: Income Tax, Wealth Tax, Corporation Tax etc. 
ii) Indirect Taxes: These are those taxes that affect the income and property of persons 
through their consumption expenditure.    Indirect taxes are those taxes levied on one 
person but paid by another person. 
Examples:  Customs duties, excise duties, sales tax, service tax etc.  
 
 
4. What are the Non-Tax Revenue receipts? 
Ans:  These below are the Non-tax revenue receipts: 
a) Commercial Revenue: Examples-Payments for postage, toll, interest on funds borrowed 
from government credit corporations, electricity, Railway services. 
b) Interest and dividends 
c) Administrative revenue: Examples: Fees, fines, penalties etc., 
5. What are the three major ways of Public Expenditure? 
Ans:  These below are the three ways of Public Expenditure---- 
a) Revenue Expenditure and Capital Expenditure 
b) Plan Expenditure and Non-Plan Expenditure 
c) Development and Non-developmental Expenditure. 
6. What do you mean by Revenue Expenditure and Capital Expenditure? 
Ans:  i) Revenue Expenditure:-  It is the expenditure incurred for the normal running of 
government departments and provision of various services like interest charges on debt, 
subsidies etc., 
 ii)Capital Expenditure:-  It consists mainly of expenditure on acquisition of assets like land, 
building, machinery, equipment etc., and loans and advances granted by the Central 
Government to States & Union Territories. 
 
 
 
106 
 
7. Define Balanced, Surplus and Deficit Budgets. 
Ans:  a) Balanced Budget:-  It is one where the estimated revenue  EQUALS  the estimated 
expenditure. 
          b)  Surplus Budget:- It is one where the estimated revenue is  GREATER THAN the 
estimated expenditures. 
          c) Deficit Budget:-  It is one where the estimated revenue is  LESS THAN the estimated 
expenditure. 
8.    Explain the four different concepts of Budget deficit. 
       Ans:  These are the four different concepts of Budget Deficit. 
a) Budget Deficit:-  It is the difference between the total expenditure, current revenue and 
net internal and external capital receipts of the government. 
Formulae:   B.D = B.E >   B.R (B.D= Budget Deficit, B.E. Budget Expenditure B.R= 
Budget Revenue 
b) Fiscal Deficit:-  It is the difference between the total expenditure of the government, the 
revenue receipts PLUS those capital receipts which finally accrue to the government. 
Formulae:  F.D = B.E - B.R (B.E > B.R. other than borrowings) F.D=Fiscal Deficit,  
B.E= Budget Expenditure, B.R. = Budget Receipts. 
c) Revenue Deficit: -  It is the excess of governments revenue expenditures over revenue 
receipts. 
Formulae:  R.D= R.E – R.R., When R.E > R.R., R.D= Revenue Deficit, R.E= Revenue 
Expenditure, R.R. = Revenue Receipts. 
d) Primary Deficit: - It is the fiscal deficit MINUS Interest payments. 
Formulae: P.D= F.D – I.P, P.D= Primary Deficit, F.D= Fiscal Deficit, I.P= Interest 
Payment. 
 
06 MARK QUESATIONS AND ANSWERS 
1. How is tax revenue different from administrative revenue? 
Ans:  
a) Tax Revenue:-   
i) It is the main source  of revenue of the government 
ii) It is the revenue that arises on account of taxes levied by the government. 
iii) Taxes of two types i.e., Direct and Indirect. 
iv) Direct taxes are those taxes levied immediately on the property and income of 
persons. Examples: Income Tax, Corporate Tax, Wealth Tax etc., Incidence and 
impact falls on same person. 
v) Indirect taxes are those taxes levied on the production and sale of the goods. 
Examples: Sales Tax, Excise Duty etc. Tax paid by one person but burden taken 
by another person. 
b) Administrative Revenue:- 
i) It is the revenue that arises on account of the administrative function of the 
Government. 
 
 
107 
 
ii) It includes- 
a) Fees 
b) License fees 
c) Fines and penalties 
d) Forfeitures of surety by courts 
e) Escheat – means claim of the government on the property of a person who dies 
without having any legal heirs. 
2. What is a balanced government budget?  Explain the multiplier effect of a balanced budget. 
Ans: 
a) Balanced Budget: - It is one where the estimated revenue of the government equals the 
estimated expenditure. 
b) Effect of Multiplier on the Balanced Budget:-   
i) If only source of revenue is a lump sum tax, a balanced budget will then mean that the 
amount of tax equals the amount of expenditure (T=E)  
ii) A balanced budget has an expansionary effect on the economy. 
iii) Under balanced budget, the increase in income is equalent to the amount of 
government expenditure financed by tax revenue (i.e.,  ? Y =?G/?T) 
iv) The multiplier effect of a balanced budget is ONE (Unitary) 
v) A balanced budget is a good policy to bring the economy, which is under employment 
to a full employment equilibrium. 
 
HIGHER ORDER THINKING SKILLS (HOTS) 
1. What are the three levels at which the budget impacts the economy? 
Ans:  These below are the three levels at which the budget impacts the economy. 
a) Aggregate fiscal discipline:-  This means having control over expenditures, given the 
quantum  of revenues.  This is necessary for proper macro-economic performance. 
b) Allocation of resources: - The allocation of resources based on social priorities. 
c) Effective and efficient provision of programmes:-  Effectiveness measures the extent to which 
goods and services the government provides its goals. 
 
NUMERICALS 
 
1. The following figures are based on budget estimates of Government of India for the 
year 2001 – 2002.  Calculate i) Fiscal Deficit ii) Revenue Deficit  and  iii) Primary deficit. 
ITEMS RS. BILLIONS 
A) Revenue receipts 2,31,745 
i) Tax Revenue 1,63,031 
ii) Non-tax Revenue    68,714 
B) Capital receipts 1,43,478 
i) Recoveries of loans    15,164 
ii) Other receipts    12,000 
iii) Borrowings and other 1,16,314 
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