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The duration of the Government budget is:
5 years
2 years
1 year
10 years
- Government budgets typically cover a period of one year. This timeframe allows governments to plan for revenue and expenditures and make necessary adjustments annually.
- A five-year budget might be more strategically long-term but is not standard due to the dynamic nature of economic conditions and political landscapes.
- A two-year budget is uncommon as it might not offer the flexibility required to adapt to rapid changes.
- A ten-year budget is more of a forecast and not practical for detailed financial planning.
By: santosh ProfileResourcesReport error
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