Which of the following is the correct sequence of stages in the budget-making process?

CA Foundation · Business Economics · MTP · January 2025
Which of the following is the correct sequence of stages in the budget-making process?
(A) A. Presentation, Drafting, Execution, Approval
(B) B. Drafting, Presentation, Approval, Execution
(C) C. Execution, Presentation, Approval, drafting
(D) D. Presentation, Approval, Execution, drafting

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Drafting, Presentation, Approval, Execution

Topics: Public Finance

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