expenditure and receipts are shown by the government budget.

Question

Question

This question was previously asked in

SSC CGL 2023 Tier-I Official Paper (Held On: 21 Jul 2023 Shift 4)

Answer 1

The correct answer is Estimated; estimated. Key Points

The government budget shows estimated expenditures and estimated receipts.
Estimated expenditure and actual receipts would mean that the government has budgeted a certain amount of spending but has actually received a different amount of revenue.
Actual expenditure and estimated receipts would mean that the government has spent a certain amount but expects to receive a different amount of revenue.
Actual expenditure and actual receipts would mean that the government has spent a certain amount and has received the exact amount of revenue that was expected.
It is important for the government to accurately estimate its expenditures and receipts in order to create a realistic budget and avoid overspending or underspending.

Additional Information

Expenditure refers to the amount of money spent by the government on various expenses such as salaries, infrastructure development, subsidies, etc.
Receipts refer to the amount of money collected by the government through various sources such as taxes, fines, fees, etc.
Estimated; actual would indicate that the government's revenue collection strategy may be flawed or inefficient.
Actual; estimates would indicate that the government's expenditure planning may be flawed or inefficient.
Actual; actual would indicate that the government's budget planning and execution is accurate.