Creation of assets or reduction of liability
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
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Answer: Revenue Expenditure does not effect in creation of assets or reduction of liability. These expenditures are incurred for normal running of govt. departments and maintenance of services. For instance: salaries, old age pensions, interest payments, subsidies, grants and so on.
Why are receipts from taxes classified as revenue receipts? Answer: Receipts from taxes are classified as revenue receipts since they do not build liabilities nor r
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Macroeconomics is primarily focused on issues about: (w) economy extensive aggregate variables as like national income. (x) the structure of economic activity quite than its level. (y) resource allocations through households and business firms. (z) po
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
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How can governments seek to control their national economies through fiscal and monetary policies?
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