Which of the following Budget documents is mandated by Fiscal Responsibility and Budget Management Act, 2003?

CA Foundation · Business Economics · MTP · September 2025
Which of the following Budget documents is mandated by Fiscal Responsibility and Budget Management Act, 2003?
(A) A. Annual Financial Statement (AFS)
(B) B. Demand for Grants
(C) C. Finance Bill
(D) D. Macro-Economic Framework Statement

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Macro-Economic Framework Statement

Topics: Public Finance

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