Question : ____________expenditure and____________ receipts are shown by the government budget.
Option 1: Estimated; actual
Option 2: Actual; estimated
Option 3: Actual; actual
Option 4: Estimated; estimated
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Correct Answer: Estimated; estimated
Solution : The correct option is Estimated; estimated.
The government budget presents estimated expenditure and estimated receipts as key components of its financial plan. Estimated expenditure outlines the government's projected spending on various programs, services, and infrastructure projects for a specific fiscal period. On the other hand, estimated receipts detail the expected sources of revenue, including taxes, grants, loans, and other income streams.
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