In public financial administration, the budget is best understood as:

Type: MCQ • Marks: 1

A. Merely an accounting statement

B. Only a taxation document

C. A financial instrument reflecting governmental priorities and planned revenues and expenditures

D. A document prepared only after expenditure occurs

Explanation

A budget is both a financial statement and a policy instrument through which governments allocate resources according to priorities.

UPSC Principal & Vice Principal Management Finance Administration

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