Question

identify and state the important features of goverment budjets.which of the following is the important feature of goverment?​

Answer 1

Answer:

Main elements of the budget are:

(i) It is a statement of estimates of government receipts and expenditure. (ii) Budget estimates pertain to a fixed period, generally a year. ADVERTISEMENTS: (iii) Expenditure and sources of finance are planned in accordance with the objectives of the government.