Question

A government budget is defined as ______________.

• A. description of the fiscal policies of the Government and the financial plans
• B. financial plan describing estimated receipts and proposed expenditures and disbursements under various heads
• C. both A and B
• D. neither A nor B

Answer 1

The correct option is C both A and B

A government budget is a statement of the estimates of the government receipts and government expenditure during the period of a financial year. It reveals the fiscal policy (budgetary policy) of the government focusing on growth and stability of the economy.