An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as__________ .
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Budget.
An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as the Budget. The Budget outlines the government's financial plan, including expected revenue (from taxes, duties, etc.) and planned expenditure (on various public services and projects). It is presented annually and serves as a key document for fiscal policy, guiding economic management and resource allocation for the upcoming financial year.