Categorize the following items into Revenue and Capital Receipts.
Statement-Sale of 40% shares of a public sector undertaking to a private enterprise.

Define revenue budget.

Define a Tax.

Is borrowing by the government a revenue receipt?

Categorize the following items into Revenue and Capital Expenditure.
Statement-Subsidies.

Categorize the following items into Revenue and Capital Expenditure.
Statement-Grants given to State Governments.

Economic growth means increasing per capita income over a period of time. Economic growth objective of the government budget depends on:

1. Profit maximisation.
2. Rate of savings and investment.
3. Fair distribution of income.
4. Removal of poverty.

Categorize the following items into Revenue and Capital Expenditure
Statement-Interest paid on National Debt.

What are revenue receipts in a government budget?

Why are the borrowings by the government treated as capital receipts?