Hugh Dalton
Hugh Dalton
Hugh Dalton
1. Expenditures on political executives: i.e. maintenance of ceremonial heads of state, like the president.
2. Administrative expenditure: to maintain the general administration of the country, like government
department of offices.
5. Developmental expenditures: to promote growth and development of the economy, like expenditure on
infrastructure irrigation, etc.
7. Public debt charges: include payment of interest and repayment of principle amount.
Q. Short Note:
i) Revenue Budget: This financial statement includes the revenue receipts of the government ex: revenue
collected by way of taxes & other receipts.
ii) Capital Budget: This part of the budget includes receipts & expenditure on capital account projected
for the next financial year.
iii) Surplus Budget : The budget is a surplus budget when the estimated revenues of the year are greater
than anticipated expenditures.
iv) Deficit Budget: Deficit budget is one where the estimated government expenditure is more than
expected revenue.
Q. Non tax Revenues: Non tax revenue comprises all revenues apart from taxes accumulated to the
government. Non tax revenues are funds that are generated from internal sources.
a) Special Assessment: This tax is imposed to a certain category of members of a community who are
generally benefited from governmental activities or public functions like constructions of road, railways,
parks, etc.
b) Surplus of Public Enterprises: The government has arranged public sector enterprises that are
concerned in commercial activities.
c) Fees: A fee is a significant source of managerial non tax revenue charged by Governmental authorities
for depiction services to the members of the public.