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 statements before the Parliament along with the Annual Budget. Which one of the foll

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Q: 110 (CDS-I/2008)
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 statements before the Parliament along with the Annual Budget.
Which one of the following is not one of them?

question_subject: 

Polity

question_exam: 

CDS-I

stats: 

0,118,19,6,7,6,118

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]}

According to the provisions of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 and FRBM Rules, 2004, the Government is required to present three statements along with the Annual Budget before the Parliament. These statements provide important information about the government`s financial plans and policies. The three statements are:

1. Macroeconomic Framework Statement: This statement outlines the macroeconomic assumptions and projections that form the basis for the government`s budget estimates. It includes details about the growth rate, inflation rate, fiscal deficit, and other macroeconomic indicators.

2. Fiscal Policy Strategy Statement: This statement details the government`s fiscal policy objectives and strategy for the upcoming financial year. It lays out the priorities and goals of the government`s fiscal policy, such as expenditure management and revenue mobilization.

3. Medium-term Fiscal Policy Statement: This statement provides a medium-term perspective on the government`s fiscal policy. It includes projections for the next three years, focusing on the fiscal deficit, revenue and expenditure trends, and debt levels. It helps ensure fiscal discipline and sustainability over the medium term.

Option 4, "Statement showing Short term Fiscal Policy," is incorrect. This statement is not required to be presented before the Parliament as per the FRBM Act and Rules. It is important