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 (C)</p> Signup and view all the answers

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

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