Non-Tax revenue is part of _______.

The correct answer is Revenue Receipts.Key Points

• Non-tax revenue refers to the income generated by the government from sources other than taxes, such as fees, fines, and grants.
• It is a part of revenue receipts, which are the inflows of funds to the government from all sources.
• The approximations of non-tax revenue receipts from a range of sources, including interest, fees, fines, and other miscellaneous receipts collected during the exercise of sovereign functions, regulatory and license fees, and user fees for goods and services made available to the public.

Additional Information

• Revenue expenditure refers to the expenses incurred by the government on day-to-day activities and welfare programs.
  • Revenue expenditures are basically the same as operating expenses because they comprise the costs necessary to cover a business's continuous operating costs.
• Capital expenditure is the spending on long-term investments such as infrastructure and equipment.
  • A company uses capital expenditures to pay for the purchase, upkeep, and improvement of tangible assets like real estate, machinery, buildings, plants, and technology.
• Capital receipts are the funds raised by the government through borrowings and disinvestment of assets.
  • Income that increases liabilities or decreases financial assets is referred to as a capital receipt.
  • They also make mention of cash inflows.
  • Both debt and non-debt receipts are considered capital receipts.