Question

What is a "Supplementary Budget"?

• A. A budget that outlines the government's planned expenditure and revenue for the upcoming fiscal year.
• B. A budget revised and approved by the legislative assembly at the end of the financial year.
• C. A budget proposed by the opposition party to counter the government's financial plans.
• D. A budget presented to get approval for additional spending during the financial year

Answer 1

Answer:

D. A budget presented to get approval for additional spending during the financial year

• A supplementary budget is presented to Parliament or a state legislature when the amount allocated in the original budget is found to be insufficient or when there's a need for new expenditure not foreseen at the time of the main budget.