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Which of the following is included in the Indian Budget?

  1. A
    Revised estimates for the current year
  2. B
    Budget estimates for the next year
  3. C
    Actual figures of the preceding year
  4. D
    All of the above

Solution & Step-by-step Explanation

The annual financial statement (Union Budget) in India contains a comprehensive presentation of three categories of data: the actual figures of receipts and expenditures for the preceding fiscal year, the revised estimates for the ongoing financial year, and the prospective budget projections or estimates for the upcoming fiscal year.

Practice this question

Try it yourself before checking the explanation above.

Which of the following is included in the Indian Budget?
A
Revised estimates for the current year
B
Budget estimates for the next year
C
Actual figures of the preceding year
D
All of the above

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EconomicsPublic FinanceUnion Budget

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