Question

Government prepares a budget for each _________.

• A. financial year
• B. calendar year
• C. leap year
• D. five year

Answer 1

The correct option is A financial year

1:A government budget is a government document presenting the government's proposed revenues and spending for a financial year that is often passed by the legislature, approved by the chief executive or president and presented by the Finance Minister to the nation.
2:The budget is also known as the Annual Financial Statement of the country. This document estimates the anticipated government revenues and government expenditures for the ensuing (current) financial year.