Economics · Government Budget
Which of the following best defines Capital Receipts in a government budget?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Receipts that do not impact either government assets or liabilities
- 2Receipts that either create liability or reduce the assets of the government✓
- 3Receipts that reduce the financial liabilities of the government
- 4Receipts that increase government revenue permanently without any commitment
Correct answer
Receipts that either create liability or reduce the assets of the government
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