The correct answer is: A) Revenue and Expenditure
The Madhya Pradesh budget is divided into two main parts: revenue and expenditure. Revenue is the money that the government receives from taxes, fees, and other sources. Expenditure is the money that the government spends on goods and services, such as education, healthcare, and infrastructure.
The revenue budget is divided into three main categories: taxes, non-tax revenue, and grants. Taxes are the main source of revenue for the government, and they include income tax, sales tax, and property tax. Non-tax revenue includes fees, charges, and interest income. Grants are money that the government receives from other governments, such as the central government or foreign governments.
The expenditure budget is divided into three main categories: plan expenditure, non-plan expenditure, and capital expenditure. Plan expenditure is money that is spent on development projects, such as building roads and schools. Non-plan expenditure is money that is spent on day-to-day operations, such as salaries and pensions. Capital expenditure is money that is spent on acquiring assets, such as land and buildings.
The Madhya Pradesh budget is a complex document that outlines the government’s spending plans for the coming year. It is important to understand the different parts of the budget in order to track how the government is using its money.