Match List-I (statement presented with the budget) with List-II (what…

Match List-I (statement presented with the budget) with List-II (what it does):

List-I		List-II
(A)	Gender budgeting statement	(I)	Sets the priorities of the government in the fiscal area
(B)	Medium-term Fiscal Policy Statement	(II)	Translates the stated gender commitments of the government into budgetary commitments
(C)	Fiscal Policy Strategy Statement	(III)	Assesses the prospects of the economy with respect to GDP growth, fiscal balance and external balance
(D)	Macroeconomic Framework Statement	(IV)	Sets a three-year rolling target for specific fiscal indicators

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 2

The correct answer is Option (2) → (A) - (II), (B) - (IV), (C) - (I), (D) - (III)

Along with the budget, the FRBMA requires three policy statements. The gender budgeting statement was added from the 2005-06 budget.

List-I	List-II	Reason
(A) Gender budgeting statement	(II) Translates the stated gender commitments of the government into budgetary commitments	It also checks how resources meant for women are used.
(B) Medium-term Fiscal Policy Statement	(IV) Sets a three-year rolling target for specific fiscal indicators	It sets a three-year rolling target and checks whether revenue expenditure can be met from revenue receipts.
(C) Fiscal Policy Strategy Statement	(I) Sets the priorities of the government in the fiscal area	A strategy sets priorities and justifies changes in fiscal measures.
(D) Macroeconomic Framework Statement	(III) Assesses the prospects of the economy with respect to GDP growth, fiscal balance and external balance	It looks at the whole economy: growth, fiscal balance and external balance.

Note: Gender budgeting sits in a footnote at the foot of a page, yet it fills a whole pair here. Read the footnotes along with the main text.

NCERT (2026-27): “Capital Expenditure … Along with the budget, three policy statements are mandated by the Fiscal Responsibility and Budget Management Act, 2003 … The Medium-term Fiscal Policy Statement sets a three-year rolling target for specific fiscal indicators and examines whether revenue expenditure can be financed through revenue receipts on a sustainable basis and how productively capital receipts including market borrowings are being utilised. The Fiscal Policy Strategy Statement sets the priorities of the government in the fiscal area, examining current policies and justifying any deviation in important fiscal measures. The Macroeconomic Framework Statement assesses the prospects of the economy with respect to the GDP growth rate, fiscal balance of the central government and external balance …”

“Gender budgeting is an exercise to translate the stated gender commitments of the government into budgetary commitments, involving special initiatives for empowering women and examination of the utilisation of resources allocated for women and the impact of public expenditure and policies of the government on women. …”