Is Chandra Mohan Patowary(while in Opposition) Correct in Saying That Every Child in Assam is Born With a Debt?
***Is Chandra Mohan Patowary(while in Opposition) Correct in Saying That Every Child in Assam is Born With a Debt?***
Budget can be classified into i)Revenue Budget & ii)Capital Budget. We discussed Revenue Budget before i.e. day to day receipt & expenditure of the govt is counted in this budget(requirements for daily maintenance of govt machinery). Today we will discuss Capital Budget.
**Capital Budget has two parts too like Revenue Budget i.e. Capital Receipt & Capital Expenditure.
1)Capital Receipt is of two types--Debt Capital Receipts & Non-Debt Capital Receipts.
---->Around 25% of GoI's expenditure is financed through debt receipts. Examples are Market Loans(loans raised from the public),issuance of securities(I hope that concept of security is clear for everyone as we have discussed a lot on that topic),Bonds(Masala Bonds,Gold Bonds etc),Deposits on Public Provident Fund(PPF),Deposits on National Small Savings Schemes(govt will use that money for a guaranteed return to depositors) etc.
I.e. Govt has to repay these Debt Capital Receipts(Liability).
----->Non Debt Capital Receipts examples are Disinvestment proceeds,Recovery of Loans & Advances etc. These creates no-liabilities for the govt.
***So we have learnt about Revenue & Capital Budget till now.
(TO BE CONTINUED.Lots of things to say.)
By,Hemen Sarma
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