UPSC 2020EconomyModerate

Along with the Budget, the Finance Minister also places other documents before the Parliament which include 'The Macro Economic Framework Statement'. The aforesaid document is presented because this is mandated by

a
Long standing parliamentary convention
b
Article 112 and Article 110(1) of the Constitution of India
c
Article 113 of the Constitution of India
d
Provisions of the Fiscal Responsibility and Budget Management Act, 2003
Public Finance / Budgetary ProcessBudget documents and legal mandatesBudgetFinance MinisterParliamentMacro Economic Framework StatementFiscal Responsibility and Budget Management (FRBM) Act, 2003Article 112Article 110(1)Article 113

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