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What is the annual statement of the government’s fiscal revenue and fiscal expenditure known?
Budget
Fiscal Budget
Capital Budget
All of these
- The annual statement of the government’s fiscal revenue and fiscal expenditure is generally called the Budget.
- Budget (Option 1): This is the most common and general term used for an annual financial statement that estimates the government’s income and expenses over a year.
- Fiscal Budget (Option 2): This term is sometimes used interchangeably with 'Budget’ but is not the standard or most commonly used name.
- Capital Budget (Option 3): This only includes expenditures and revenues related to capital items (like infrastructure or investments), not the entire fiscal statement.
- All of these (Option 4): Not all options equally represent the complete and commonly accepted answer.
The most accurate answer is: Option 1 (Budget).
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