Question
Consider the following: 1. Revenue Deficit
2. Capital Expenditure 3. Effective Revenue Deficit Grants or expenditure used for creation of Assets are calculated under which of the given heads?Solution
тЧП Statement 1 is Incorrect: Revenue Deficit is the difference between the government's revenue expenditure and revenue receipts. Revenue deficit neither creates assets nor reduces liabilities. Revenue Deficit implies that the government's current expenses are more than its current revenues and will have to use up the savings of other sectors of the economy to finance its consumption expenditure. тЧП Statement 2 is Correct: Those expenses of the government which either creates assets (physical or financial) or reduces liabilities are called capital expenditures. Capital expenditures include acquisition of land, building, machinery, equipment, purchase of shares by the government and loans and advances by the central government to state and union territory governments, PSUs and other parties. тЧП Statement 3 is Correct: There are several grants given by the Central Government to the States / UTs which come under revenue expenditure for the central government but some of these grants create assets, which are owned by the State government and not by the Central government. Hence, for the Central Government it is basically revenue expenditure but ultimately it is creating assets for the State government. Hence, тАЬeffective revenue deficit" is calculated which excludes such grants which are used for creation of assets.
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рд╢рдмреНрджреЛрдВ рдХреЗ рдиреАрдЪреЗ рджрд┐рдП рдЧрдП рд╡рд┐рдХрд▓реНрдкреЛрдВ рдореЗрдВ рд╕реЗ рдЙрдкрдпреБя┐╜...
"рдЦреЗрд▓ рдЦрддреНрдо, рдкреИрд╕рд╛ рд╣рдЬрдо" рдХрд╛ рдЕрд░реНрде рд╣реИ:
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдкреНрд░рддреНрдпреЗрдХ рдкреНрд░рд╢реНрди рдореЗрдВ рджрд┐рдП рдЧрдП рд╢рдмреНрдж рдореЗрдВ рдкреНрд░рдпреБя┐╜...
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рд╢рдмреНрджреЛрдВ рдореЗрдВ рд╕реЗ рдкреНрд░рддреНрдпрд╛рд╡рд░реНрддрди рдХрд╛ рд╕рд╣реА рдкрд░реНрдпрд╛рдп я┐╜...
рдирд┐рдореНрдирд▓рд┐рдЦрд┐рдд рдкреНрд░рд╢реНрдиреЛрдВ рдХреЗ рд╡рд┐рдХрд▓реНрдкреЛрдВ рдореЗрдВ рдЪрд╛рд░ рд╢рдмреНрдж рджрд┐рдП рдЧрдП рд╣я┐╜...
' рдЪрд┐реЬрд┐рдпрд╛ ' рд╢рдмреНрдж рдХреЗ рд▓рд┐рдП рджрд┐рдП рдЧрдП рд╡рд┐рдХрд▓реНрдкреЛрдВ рдореЗрдВ рд╕реЗ рдЙрдкрдпреБрдХреНрдд рдмрд╣я┐╜...
'рд╕рдореБрджреНрд░'
' рдХрдареЛрд░ рдкрд░рд┐рд╢реНрд░рдо рдХреЗ рдмрд┐рдирд╛ рдЬреАрд╡рди рдореЗрдВ рд╕рдлрд▓рддрд╛ рдирд╣реАрдВ рдорд┐рд▓рддреА ' рдЗрд╕ рд╕рдиреНрджреЗя┐╜...
' рдЧреЛрдж рдореЗрдВ рдмреИрдардХрд░ рдЖрдБрдЦ рдореЗрдВ рдЕрдВрдЧреБрд▓реА ' рд▓реЛрдХреЛрдХреНрддрд┐ рдХрд╛ рд╕рд╣реА рдЕрд░реНрде рдХреНя┐╜...
рдиреАрдЪреЗ рдкреНрд░рддреНрдпреЗрдХ рд╡рд░реНрдЧ рдореЗрдВ рджрд┐рдП рд╡рд┐рдХрд▓реНрдкреЛрдВ рдореЗрдВ рд╕реЗ ┬а рддрджреНрднрд╡ рд╢рдмреНя┐╜...