Public Account

What is Capital Budget?

Capital Budget is comprised of the capital receipts and payments along with transactions in the Public Account. The receipts in this account are basically the loans which have been raised by the government from the Reserve Bank of India via treasury bills, foreign bodies and governments and even the recoveries of loans which have been […]


What is an Annual Financial Statement?

Annual Financial Statement is the statement of estimated receipts and expenditures of the Government of India which as mandated by the Article 112 of the Constitution of India should be presented the Parliament by the Government. All the receipts and expenditures are categorised into three parts namely: Consolidated Fund Contingency Fund Public Account The Constitution […]