Question

A financial statement showing the expected receipts and proposed expenditure of the government in a financial year.​

Answer 1

Answer:

The answer is "BUDGET"

Explanation:

A budget is a financial statement that contains the expected government receipts and government payments during a financial year.

Answer 2

The budget is a financial statement showing the expected receipts and proposed expenditure of the government in a financial year.

• A government make up a budget and present it to the Parliament at the beginning of every financial year.
• The financial year starts from April 1st and ends on the 31st of March of every year.
• A government will calculate expended expenditure for the forthcoming year and draw a budget.
• A budget helps the government to keep track of the expenses and income during the year.