Under which of the following acts is the Central Government of India legally mandated to present the Medium-Term Fiscal Policy Statement and the Fiscal Policy Strategy Statement along with the annual budget?

Parliament, Lok Sabha, Rajya Sabha & Legislative Procedure — question ID 722

Options

A.
B.

Explanation

The Fiscal Responsibility and Budget Management (FRBM) Act, 2003, mandates the government to present key documents alongside the annual budget. These include the Medium-Term Fiscal Policy Statement, the Fiscal Policy Strategy Statement, and the Macroeconomic Framework Statement, aiming for transparency and discipline in fiscal management.