According to the provisions of the Fiscal Responsibility and Budget Management (FRBM). Act, 2003 and FRBM Rules, 2004, the Government is under obligation to present three statement s before the Parliament along with the Annual Budget. Which one of the fol

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Q: 111 (CDS-II/2007)
According to the provisions of the Fiscal Responsibility and Budget Management (FRBM). Act, 2003 and FRBM Rules, 2004, the Government is under obligation to present three statement s before the Parliament along with the Annual Budget.
Which one of the following is not one of them?

question_subject: 

Polity

question_exam: 

CDS-II

stats: 

0,98,74,28,27,19,98

keywords: 

{'fiscal policy strategy statement': [0, 0, 2, 0], 'term fiscal policy statement': [0, 0, 2, 0], 'fiscal responsibility': [0, 0, 2, 0], 'short term fiscal policy': [0, 0, 2, 0], 'macroeconomic framework statement': [0, 0, 2, 0], 'frbm rules': [0, 0, 2, 0], 'budget management': [0, 0, 2, 1], 'annual budget': [0, 1, 3, 1], 'frbm': [0, 0, 2, 1], 'provisions': [0, 0, 0, 1], 'obligation': [0, 0, 2, 1], 'government': [5, 0, 0, 1], 'parliament': [15, 1, 3, 8]}

The question asks which statement is not one of the three statements that the government is required to present before the Parliament along with the Annual Budget, according to the provisions of the Fiscal Responsibility and Budget Management Act, 2003 and FRBM Rules, 2004.

Let`s evaluate each option:

Option 1: Macroeconomic Framework Statement. This statement provides an assessment of the current macroeconomic situation, including projections of key macroeconomic variables like GDP growth, inflation, and fiscal deficit. It helps in understanding the overall economic context in which the budget is prepared.

Option 2: Fiscal Policy Strategy Statement. This statement outlines the government`s fiscal policy objectives, goals, and strategies for achieving them. It provides a roadmap for the government`s fiscal decisions and helps in understanding its fiscal policy stance.

Option 3: Medium-term Fiscal Policy Statement. This statement presents a three-year fiscal framework that includes projections of revenue, expenditure, fiscal deficit, and debt. It helps in assessing the sustainability of the government`s fiscal position and provides a basis for medium-term fiscal planning.

Option 4: Statement showing Short-term Fiscal Policy. This statement is not mentioned in the question, indicating that it is not one of the three required statements. Hence, option 4 is the correct answer.

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