Revenue Budget consists of the revenue receipts of the government (tax revenues and other revenues) and the expenditure met from these revenues.
The part of the Budget which deals with the income and expenditure of revenue by the government
It presents the annual financial statement of the total revenue receipts and the total revenue expenditure.
If the balance emerges to be positive it is a revenue surplus budget, and if it comes out to be negative, it is a revenue deficit budget.
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