Economics · Public Finance
A government budget presented before Parliament is fundamentally a statement of which of the following during a given financial year?
- 1An estimation of the cost of public goods and infrastructure projects
- 2An estimation of the cost of public borrowings and interest liabilities
- 3Estimated receipts and expenditures of the government✓
- 4Actual revenues and actual expenditures achieved
Correct answer
Estimated receipts and expenditures of the government
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