Recurrent Revenue – Money generated through taxes, fines, fees etc.
Recurrent Expenditure – Money spent by government on payment of salaries, wages of government employees and payment of public debt and Its Interests,
Capital Receipts or Revenue – Money generated by government through loans, grants and aids from other countries and international financial institutions.
Capital Expenditure – Money spent by government on capital projects like construction of roads, bridges dams, factories, building of schools and hospitals.