Receipt Budget

The Receipt Budget is a comprehensive financial plan that outlines the estimated government revenue for a specific financial year. It is one of the two main components of the government's budget, the other being the Expenditure Budget.

The Receipt Budget includes details on the government's expected revenue from various sources, including taxes, non-tax revenue, and other sources such as disinvestment of government assets. The budget also outlines the government's plans for borrowing and the expected level of debt service payments.

The Receipt Budget is prepared by the government and is presented to the Parliament before the start of the financial year. The budget is then debated and approved by the Parliament, which sets the revenue targets for each tax and non-tax source.

The Receipt Budget serves as a key tool for the government to assess its revenue-generating capacity and to prioritize its revenue-generation efforts. By outlining the government's revenue plans, the Receipt Budget provides a clear picture of the government's ability to finance its spending plans outlined in the Expenditure Budget.

Overall, the Receipt Budget is an important document that provides the framework for the government's revenue collection and helps to ensure that government revenue is adequate to finance its planned spending.