Distinguish between revenue receipts and capital receipts in a government budget

The receipts which neither create any corresponding liability for the government, nor create any reduction in asset, is termed as revenue receipts, e.g. tax receipts of the government. The receipts which either create corresponding liability for the government or which lead to reduction in assets of the government, is termed as capital receipts, e.g. loans taken by the government, disinvestment of any public sector undertakings, etc.