What does a government budget signify?

Previous year expenditures only.

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Current year expenditures only.

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Previous and current expenditures only.

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Five-year expenditure plans.

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Solution

The correct option is C Previous and current expenditures only.
A government budget signifies previous and current expenditures only. It does not signify five-year plans.

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Similar questions

Is government budget a statement of government receipts and expenditure over the past year?

Group A		Group B
1.	Deficit budget	a.	Tax revenue
2.	Government budget	b.	Capital receipts
3.	Fees, license fee	c.	Irrigation
4.	Borrowings	d.	Non-tax revenue
5.	Plan expenditure	e.	One year
		f.	Government expenditure > Government revenue
		g.	Two years

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