GCEEconomicsPublic Finance2021

The primary purpose of a government budget is to

Adetermine the level of foreign exchange reserves
Bestimate government revenue and plan expenditure for a fiscal yearCORRECT
Cregulate the activities of commercial banks
Dfix the official exchange rate of the national currency
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Why the answer is B, and why the others tempt you.
A government budget is a financial statement that outlines expected revenues and planned expenditures for a given fiscal year. It serves as a tool for fiscal planning and policy implementation. It is not primarily concerned with foreign exchange, banking regulation, or exchange rate fixing.
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