Question : What are the differences between revenue expenditures and revenue receipts?
Option 1: Revenue
Option 2: Total expenditure
Option 3: Revenue deficit
Option 4: Total revenue
Correct Answer: Revenue deficit
Solution : The correct answer is Revenue deficit .
Revenue receipts are the government's income that is used to cover the government's day-to-day costs. These receipts are recurrent and do not increase the government's assets. Revenue expenditures are government expenses incurred to address the day-to-day requirements of the government and the people. These are also ongoing expenses that do not result in the production of assets.
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