A government budget is an annual financial statement which outlines estimated government expenditures and expected government receipts or revenues for the forthcoming fiscal year. Depending on the feasibility of these estimates which of the following is NOT the budget type?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Economy budget.
- A budget is an estimation of revenue and expenses over a specified future period of time and is utilized by governments, businesses, and individuals at any income level.
- From the given option, the Economy budget is NOT the budget type.