alleryWhich Article of the Constitution requires an Annual Financial Statement to be laid before Parliament?
AArticle 112
BArticle 110
CArticle 280
DArticle 360
Answer & Solution
Correct answer: A. Article 112
1. It covers estimated receipts and expenditure for the year.
2. Article 112 requires the statement.
3. This statement is the main budget document.
_Source: syllabus Introductory Macroeconomics, Chapter 5, Government Budget and the Economy._
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