Abstract: The Government maintains three funds viz. Consolidated Fund, Public Debt and Contingency Fund. Consolidated Fund is the Main source of finance for the government activities. The various policies and programmes of the government are continued with the expenditure incurred from the Consolidated Fund. The consolidated funds are raised by the government through Income tax, corporation tax, Central Excise and custom duty and the government also collects non-tax revenues like Railway transport, posts & telecommunication under the consolidated funds. These funds are classified in to revenue and capital heads of accounts and disbursement through the same. In this paper an attempt is made to examine revenue collection and disbursement under consolidated funds Government of Assam. Moreover, it also endeavours to study the Trend of total Revenue, tax revenue and non tax revenue of the government of Assam.
Keywords: Consolidated Fund; Public Debt; Contingency Fund and revenue
Title: Nature of Receipts of the Consolidated Fund of the Government of Assam
Author: Dr. Prashanta Sharma, Mr. Nripaendra Nath Medhi
International Journal of Management and Commerce Innovations (IJMCI)
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