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    _____________ expenditure and ____________ receipts are shown by the government budget.
    Question

    _____________ expenditure and ____________ receipts are shown by the government budget.

    A.

    Estimated; actual

    B.

    Actual; estimated

    C.

    Actual; actual

    D.

    Estimated; estimated

    Correct option is D

    The correct answer is (d) Estimated; estimated.
     The government budget displays estimated expenditure and estimated receipts for the upcoming financial year.
     Estimated expenditure includes all planned government spending, such as infrastructure projects, salaries, subsidies, and defense.
     Estimated receipts include projected revenue from taxes, non-tax revenues, and capital receipts like loans and disinvestments.
     The budget is a financial statement presented annually, outlining the government's economic policy and priorities for the coming year.
     The budget is presented under Article 112 of the Indian Constitution, which mandates the President to cause to be laid before both Houses of Parliament a statement of estimated receipts and expenditure for the financial year.
     The first Union Budget of independent India was presented by R.K. Shanmukham Chetty on November 26, 1947.
     The budget includes details on revenue deficit, fiscal deficit, and primary deficit, providing a comprehensive view of the government's financial health.

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