Consider the following statements about the 39 budget 39 1 It contains the actual est...........

Economic Affairs Public Finance and Debt Management

Download Solution PDF

Consider the following statements about the 'budget' -

1. It contains the actual estimates of previous year and budget estimates of next year only.

2. The advancement of budget this year has contributed to the breach of fiscal deficit.

Which of the above statement/s is/are correct?

1 only

2 only

Both are correct

None is correct

छोटे Courses बड़े Results

Master Public Finance and Debt Management

Prepare through Micro-courses

Try Now

Explanation:

It contains the actual estimates of previous year, revised estimated of current year and budget estimates of next year. The advancement of budget this year has contributed to the breach of fiscal deficit as front loading of expenditure occurred due to it.