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Union Budget 2018: What Is Expense Account?

Jan 12, 2018 10:14 PM IST iVideos iVideos

The government’s financial plans, like those of households, are about prioritising spending. It has to set aside funds for infrastructure, welfare schemes like NREGA, subsidies and salaries among other requirements.
From 2017-18, all government spending will be listed under two heads: Revenue Expenditure and Capital Expenditure.