---
title: "Revenue Receipts: Meaning, Types, Budget | Model Diplomat"
description: "Revenue receipts are government incomes from taxes and non-taxes that don't create liabilities, important for understanding India's fiscal policy."
url: "https://modeldiplomat.com/learn/glossary/revenue-receipts"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- Revenue receipts are government incomes that neither create a liability nor reduce assets, comprising tax revenue and non-tax revenue in a fiscal year.
- How do revenue receipts differ from capital receipts?
- What are the two main categories of revenue receipts in India?
- Why does the revenue deficit matter for fiscal policy?
- Are RBI surplus transfers counted as revenue receipts?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

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Example

In the Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman on 1 February 2023, the Government of India budgeted total revenue receipts of roughly ₹26.32 lakh crore, combining net tax and non-tax revenue.

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