In which plan period balanced budget was formulated by the union government?
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1...because he has central main power of country and he run whole administration of country.
2...the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year.it is prepared by Ministry of Finance after consultations with all the other ministries with respect to their funding requirements.
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Answer:
In 12 five year plan ,the union government formulated the balance budget.
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