Economics · Government Budgeting and Fiscal Receipts
Which of the following statements is correct regarding the funds received by the government from loans and from the sale of its assets?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither loans nor the sale of assets affects the total financial assets of the government.
- 2Loans are revenue receipts, whereas the sale of assets forms capital receipts.
- 3The sale of assets creates a financial liability, whereas loans do not.
- 4Loans create a financial liability, whereas the sale of assets does not.✓
Correct answer
Loans create a financial liability, whereas the sale of assets does not.
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