CAF-2 · Chapter 2 · Question 5 of 15
The statement of the estimated receipts and expenditure of the Federal Government for a financial year, laid before the National Assembly, is known as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) C) The Annual Budget Statement
Explanation
The Federal Government must lay before the National Assembly a statement of the estimated receipts and expenditure for every financial year, which is referred to as the Annual Budget Statement.
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