The ______ assesses the prospects of the economy with respect to the GDP growth rate, fiscal balance of the central government and external balance.

Correct option is D

The correct answer is: (D). Macroeconomic Framework Statement

• Macroeconomic Framework Statement assesses the economy’s prospects, focusing on GDP growth rate, fiscal balance, and external balance (trade and current account balances).

Others:-

•  Revenue Expenditure: Refers to non-capital government spending (e.g., salaries, subsidies).
• Medium-term Fiscal Policy Statement: Focuses on fiscal policy for the next 3-5 years.
• Fiscal Policy Strategy Statement: Outlines fiscal strategies, including managing deficits and debt.