Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsBudget2 Marks
Question
What is Budget ?
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Answer
Budget is an annual accounting statement of the item-wise estimates of expected revenue and anticipated expenditure of the government for a new fiscal year.
Such budget n ect is presented by finance minister before implementing it. Permission is to be taken from the elected members of lok sabha, Vidhan Sabha, or local self government institutes.
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