GK
PUBLIC ADMINISTRATION
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Question
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Listed are the concept of Government Budgeting, except
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Is an annual financial statement showing item wise estimates of expected revenue and anticipated expenditure during a fiscal year.
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A forecast by a government of its expenditures and revenues for a specific period of time.
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In national finance, the period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year.
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The word budget is derived from the Old French bougette (“large bag”).
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Explanation:
Detailed explanation-1: -The word ‘budget’ has its origin in the French word Bougette, which means leather briefcase.
Detailed explanation-2: -The term budget is derived from the word Bougette.
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