___________ expenditure and _________.receipts are shown by the government budget.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Estimated; estimated.
- Estimated expenditure and estimated receipts are shown by the government budget. The government budget typically outlines the expected spending and revenue for a specific period, usually a fiscal year. "Estimated" refers to the projected or planned figures based on forecasts, economic trends, and policy decisions.
- These estimates provide a framework for financial planning and policymaking. Once the fiscal year concludes, the actual expenditure and receipts are compared with the estimated figures to assess the government's financial performance and adherence to budgetary targets.