A budget document, which deals with the revenue receipts and revenue expenditure of the government for a particular financial year, is called ______.

Question

Question

This question was previously asked in

SSC GD Constable (2022) Official Paper (Held On : 11 Jan 2023 Shift 1)

Answer 1

The correct answer is Option 1.

Key Points

A budget document that deals with the revenue receipts (income) and revenue expenditure (expenses) of the government for a specific financial year is called the "Revenue budget."
It focuses on the day-to-day operations and expenses of the government, including items such as salaries, subsidies, maintenance costs, and other operational expenses.
The revenue budget does not include capital expenditures or long-term investments, which are covered in the capital budget.
The term "Zero budget" refers to a budgeting approach where each expense must be justified, starting from zero, rather than using past budgets as a reference.
A "Long term budget" typically refers to a budget that covers an extended period, often several years.