question archive Give an example of a budget and/or budgeted statement that must be prepared in accordance with statutory requirements
Give an example of a budget and/or budgeted statement that must be prepared in accordance with statutory requirements
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Give an example of a budget and/or budgeted statement that must be prepared in accordance with statutory requirements.
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Answer:
Public budget
A public budget is a budget that shows the expenditure, appropriations and the revenue that is expected to be generated in a given financial year usually dictated by the statutory requirements of the parliament. Therefore, the statutory requirements passed by the parliament guide in the preparation of this budget.
