An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as ___________

Correct option is D

The correct answer is (d) Budget
• An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as the Budget.
• It outlines the government's financial plans for the upcoming year, detailing how much money it expects to receive (revenues) and how much it expects to spend (expenditures).
• There is a constitutional necessity in India according to Article 112 to current before the Parliament passed a declaration statement of gauged receipts and expenditures of the government with respect of every financial year.
• The financial year of India runs from 1 April to 31 march.