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Question
In the context of government budget, which of the following statements is correct?
Options:
A .  Budget is a statement of expected annual receipts and expenditures of the government.
B .  It is a detailed account of actual receipts and expenditures of the government in a financial year.
C .  It offers a detailed description of achievements of the government during the five year plans. 
D .  It indicates the balance of payments status of the domestic economy.
Answer: Option A
:
A
Budget mentions expected annual receipts and expenditures of the government.

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