Along with the Budget, the Finance Minister also places other documents before the Parliament which include…
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
Long standing parliamentary convention
Article 112 and Article 110(1) of the Constitution of India
Article 113 of the Constitution of India
Provisions of the Fiscal Responsibility and Budget Management Act, 2003
Solution
FRBM Act, 2003 requires the government to lay three policy statements before Parliament with the Budget — Medium Term Fiscal Policy Statement, Fiscal Policy Strategy Statement, and Macroeconomic Framework Statement. Answer: (d).