Arrange the steps involved in preparation of the government budget.

(A) Discussion and approval by the parliament.

(B) Preparation of budget by the Ministry of Finance.

(C) Implementation by the government.

(D) Approval by the Cabinet.

Choose the correct answer from the options given below:

Option 1: (A), (D), (B), (C) -> Incorrect sequence as budget preparation must come before parliamentary discussion.

Option 2: (B), (D), (A), (C) -> Follows the logical flow: Ministry prepares → Cabinet approves → Parliament discusses and approves → Government implements.

Option 3: (B), (A), (D), (C) -> Incorrect as Cabinet approval must come before parliamentary discussion.

Option 4: (A), (B), (D), (C) -> Incorrect as parliamentary discussion cannot precede budget preparation.

Hence, Option 2: (B), (D), (A), (C) -> The government budget preparation follows a systematic process: First, the Ministry of Finance (B) prepares the detailed budget estimates based on economic forecasts and government priorities. Next, the Cabinet (D) reviews and approves the budget proposal. Then, it is presented to Parliament (A) for detailed discussion, scrutiny by standing committees, and final approval through voting. Finally, once Parliament passes the Finance Bill, the government (C) implements the budget by allocating funds to various ministries and departments for execution of programs and schemes. -> correct