Eco 203: Government Expenditure and Revenue

It is automatically adopted as a final budget

It is rejected without any changes

It is sent back to the executive for modification

It is scrutinised, adjusted or deleted by the legislative bodies (correct)

The executive must modify the budget

The executive must approve the budget

The Senate must reject the budget

The House must adopt the budget (correct)

When the expenditure is zero

When the revenue to be generated is forecasted to be less than expenditure

When the revenue equals expenditure

When the revenue to be generated is forecasted to be greater than expenditure (correct)

<p>When the revenue equals expenditure</p> Signup and view all the answers

<p>Cost of running day-to-day activities</p> Signup and view all the answers

<p>To account for how money was realized and spent</p> Signup and view all the answers