Which one of the following statements is correct ? Fiscal Responsibility and Budget Management Act (FRBMA) concerns
Options
(a)fiscal deficit only
(b)revenue deficit only
(c)both fiscal and revenue deficit
(d)neither fiscal deficit nor revenue deficit.
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Class 12Government Budget and the Economy— NCERT Economics, Chapter 5. The government budget — the Annual Financial Statement required by Article 112 — lists estimated receipts and expenditure for the financial year (1 April–31 March). It…
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