Question

Which of the following is a component of Budget?

• A. Budget Receipts
• B. Budget Expenditure
• C. Both (A) and (B)
• D. None of these

Hint:

The simplest way to think of any budget is: money in (Receipts) and money out (Expenditure).

Answer 1

The Correct Option is C

A government budget is a financial statement that presents the government's proposed revenues and spending for a financial year. It has two primary components:

Budget Receipts: This refers to the estimated money that the government expects to receive from all sources during the financial year.
Budget Expenditure: This refers to the estimated spending by the government on various programs and policies during the financial year.
Therefore, a budget is composed of both receipts and expenditure.