GK
PUBLIC ADMINISTRATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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“It is to show the intended revenues and expenditures of the government so that the financial resources can be appropriately allocated to various agencies". This statement refers to the ____ process of financial administration.
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Planning
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Reviewing
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Budgeting
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Accounting
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Explanation:
Detailed explanation-1: -A government budget is a projection of the government’s revenues and spendings for a particular period of time often referred to as a financial or fiscal year, which may or may not correspond with the calendar year.
Detailed explanation-2: -A budget is the financial statement showing the expected income and expenditure of the government during a financial year.
Detailed explanation-3: -A deficit budget is said to have occurred when expenses exceeds the revenue and it is a symptom of financial health.
There is 1 question to complete.