B. No, disinvestment’ and ‘loan proceeds from abroad do not constitute revenue receipts of the government due to the following reasons:
● Disinvestments are capital receipt as it leads to a reduction in the assets.
● Loans proceeds from abroad are also capital receipt as it increases the liabilities of the government.
Revenue deficit: Total revenue expenditure-Total revenue reciept
= Total revenue expenditure - (Tax revenue +non tax revenue)
= 1500- (1000+500)
= Rs 3000 crore
Fiscal deficit = Total expenditure-(Revenue receipt+Disinvestment proceeds)
= (1500+480) + (1000+150+50)
= RS780 crore
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