The presentation of the 'Macro-Economic Framework Statement' in the Parliament alongside the annual Union Budget is mandated by which of the following?

Explanation

The 'Macro-Economic Framework Statement' is presented to Parliament in accordance with Section 3 of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003. This document provides an assessment of the economy's growth prospects, including central government fiscal balance, GDP growth rate, and external sector balance, along with key underlying assumptions.