A national budget has two parts:

A national budget has two parts: Options: (a) Income & plan (b) Expenditure & tax (c) Cost & Input (d) Income & expenditure ✅ Correct Option: (d) Income & expenditure Explanation (200+ words): The national budget consists of two main components: income (revenue) and expenditure (spending). Income includes tax and non-tax revenue collected by the government, while expenditure includes all government spending on infrastructure, defense, education, health, and social services. Budgeting allows governments to plan financial resources and ensure fiscal balance. In Pakistan, the Ministry of Finance presents the annual budget to parliament detailing income and expenditure projections. PPSC often tests knowledge of basic administrative and financial concepts through such questions. 10 PPSC-Related Facts: 1. Budget = income + expenditure 2. Income includes taxes 3. Expenditure = government spending 4. Ensures fiscal planning 5. Presented annually 6. Prepared by Ministry of Finance 7. Parliament approves budget 8. Critical for national development 9. Monitored for efficiency 10. Frequent PPSC question