4.3.1 DEFINITION OF GOVERNMENT BUDGET
Government budget meaning:
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A government budget is a document that presents a governing body's anticipated
revenues and proposed spending for a fiscal year.
Government budgets often require legislative approval and are subject to political
pressure from interest groups that compete for resources.
BOARD EXAM QUESTIONS:
 What is meant by a government’s budget? [O/N/09-P2-Q5C]
Mark Scheme:
Explanation of a budget – income, expenditure for year – for government activities,
enterprises, public sector subsidies.
[The above is the actual board exam markscheme]
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