Under Pakistan's Constitution, expenditure charged upon the Federal Consolidated Fund is:
Correct answer: B. Not submitted to the National Assembly for voting
- A. Submitted to the National Assembly for voting
- B. Not submitted to the National Assembly for voting
- C. Paid only from provincial tax collections
- D. Approved only by the State Bank of Pakistan
Explanation
Charged expenditure is included in the federal budget but is not submitted to the National Assembly for voting, although it may be discussed. This differs from other expenditure, which is presented as demands for grants.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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