Yes I agree with Nidhi , both Direct and Indirect Tax amendment effects in Budget .
The Government of any country incurs lot of expenditure for the walfare of its Citizens and for that purpose it collect money from its Citizens for i.e Tax , sale of an asset etc it's GOVT revenue If expenditure is more , it's leads to Deficit Deficit = Total Expenses - Total Receipt
Two Types of Deficit 1) Revenue Deficit 2) Fisical Deficit .
Revenue Deficit = Total Revenue Expenses - Total Revenue Receipts .
Fisical Deficit = Total Expenses ( Revenue+Capital ) - Total Receipt ( Revenue + Capital ) Fisical Deficit is always bad .
If these expenses which are incurred by the GOVT for walfare of the Nation are less than revenue collected by it , this leads to Surplus at the end of the year , It's Good position.
Can any one explain the Justification of importing crude oil from Iran /Syria in dollar. The import costs the country in 8 lakh crore. Is it a prudent decision. Many a times we all take loan but why not to this extent. I think it's obligatory for everyone to accept this and the govt. must search for any other means.
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