Understanding the Balance of Payments*
Ajit Kumar The statement which holds all the transactions of a country’s foreign trade with other countries for a specified period of time, is called balance of payment. According to Kindleberger, “Balance…
October 2023
Revenue deficit
When revenue expenditure is greater than the revenue receipts of the government, it is called Revenue deficit.It does not include Capital receipt and capital expenditure. Revenue deficit = Revenue expenditure…
budget expenditure
It refers to estimated expenditure of the government on its development and non-development programme or its planned and non-planned programme during a particular fiscal year. Budget expenditure refers to the…
Budget
A budget is a financial plan that outlines the estimated income and expenses over a specific period, typically on a monthly or annual basis. It serves as a tool for…