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.