Economics · Budgeting
In financial management and public finance, what does the term 'a conservative budget' primarily imply?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An interim budget presented before general elections
- 2An inflexible budget that cannot be altered under any circumstances
- 3A supplementary budget presented during a financial emergency
- 4A balanced budget with safe, realistic estimates of revenue and expenditure✓
Correct answer
A balanced budget with safe, realistic estimates of revenue and expenditure
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