Each governments has revenue receipts and expenditure. Every government try to increase the receipts through tax and non tax revenues and control the its expenditure. The capital receipts are received as grants and aid from central government. The capital expenditure is managed through various infrastructure projects and assets creation. There is always a gap in receipts and payments in budgets. The revenue and fiscal deficits are increasing over the period of time. There are various reasons for increasing the different deficits in budget. In every state and corporation, the reasons of increasing revenue deficit and fiscal deficits are different. But the increasing in public private partnership in infrastructure projects and issue of bonds will boosts the revenue and capital receipts. The world class infrastructure and services to people must be priority of the state governments and corporations.