Generally, the budget is divided into:
- ((a))
balance budget and deficit budget
- ((b))
revenue budget and capital budget
- ((c))
revenue receipts and revenue expenditure
- ((d))
capital receipts and capital expenditure
Show Answer
revenue budget and capital budget
The correct answer is revenue budget and capital budget.

Key Points
- The Government Budget is an annual financial statement that is prepared to account for the revenue and expenditure of a government for the upcoming fiscal year.
- The Revenue Budget consists of the Government's revenue receipts and the expenditure that is met using said revenue.
- The capital Budget is the Government's plan to purchase, build, maintain, repair and replace assets including infrastructure.

Additional Information
- A balanced budget occurs when revenues are equal to or greater than total expenses.
- A budget deficit occurs when expenses exceed revenue, and it can indicate the financial health of a country.
- Revenue receipts can be defined as those receipts which neither create any liability nor cause any reduction in the assets of the government.
- Revenue expenditures are short-term expenses used in the current period or typically within one year.
- Capital receipts are receipts that create liabilities or reduce financial assets.
- Capital expenditure is the money spent by the government on the development of machinery, equipment, building, health facilities, education, etc.

















