The correct answer is Budget. The budget is also referred to as the Annual Financial Statement in Article 112 of the Constitution of India. The Union Budget is the annual financial statement that contains the government's revenue and expenditure for a fiscal year. Important PointsArticle 112 of the Constitution requires the government to present to Parliament a statement of estimated receipts and expenditure in respect of every financial year, from April 1 to March 31. It is divided into three parts, a Consolidated Fund, Contingency Fund, and Public Account. Public Account of India accounts for flows for those transactions where the government is merely acting as a banker. This fund was constituted under Article 266 (2) of the Constitution. The consolidated accounts combine all the information from the subsidiaries under the parent's control. It is the aggregate accounts of a group of companies. The revenue account is an equity account with a credit balance. This means that a credit in the revenue T-account (a set of financial records that use double-entry bookkeeping) increases the account balance. Revenue accounts are credited when services are performed/billed and therefore will usually have credit balances. Now Railway Budget is merged with the Union Budget in 2016.