The correct answer is D) All of the above.
The Madhya Pradesh budget is divided into three parts: revenue, capital, and plan.
- Revenue expenditure is the expenditure incurred on the maintenance of existing services and the payment of interest on loans.
- Capital expenditure is the expenditure incurred on the creation of new assets, such as roads, bridges, and schools.
- Plan expenditure is the expenditure incurred on the implementation of development schemes.
The budget is prepared by the Finance Department of the Government of Madhya Pradesh. It is presented in the Legislative Assembly of Madhya Pradesh by the Finance Minister. The budget is debated and passed by the Legislative Assembly.
The budget is an important tool for the government to achieve its economic and social objectives. It provides the government with the resources to finance its activities and to implement its policies. The budget also helps to regulate the economy and to promote economic growth.
The budget is a complex document that contains a lot of information. It is important to understand the different parts of the budget and how they are related to each other. This will help you to understand the government’s priorities and to assess the impact of the budget on your life.
Here is a brief explanation of each option:
- Revenue expenditure: This is the expenditure incurred on the maintenance of existing services and the payment of interest on loans. It is the largest component of the budget.
- Capital expenditure: This is the expenditure incurred on the creation of new assets, such as roads, bridges, and schools. It is a smaller component of the budget, but it is important for economic development.
- Plan expenditure: This is the expenditure incurred on the implementation of development schemes. It is the second largest component of the budget. It is important for social and economic development.