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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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