Question

does General government mean central government in india?

OR

General government consists of central, state and local governments?

plz answer ​

Answer 1

Answer:

General government consists of central, state and local governments and the social security funds controlled by these units. General government accounts presents data on fiscal balance, debt, revenues, expenditure, costs and reserves of governments. Central government consists of the institutional units making up the central government plus those non-profit institutions that are controlled and mainly financed by central government. The political authority of central government extends over the entire economy. Central government can impose taxes on all residents and non-resident units engaged in economic activities within the country.

OR

Explanation:

The general government sector consists of central, state and local governments, and the social security funds controlled by these units.