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Question
What is the government budget and its objectives?
What is the government budget and its objectives?
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Solution
A government budget or an administration spending plan is a country’s drawn out monetary report clarifying future income and use. The spending plan clarifies the income and expenses of a country.
The objectives of government budgets are:
- To have a stable economy.
- To reduce income disparity.
- To have a stable economic growth.
- Take part in production of goods and services where the public or private sector refuse.
Also see: Government Budget and the Economy
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A government budget or an administration spending plan is a country’s drawn out monetary report clarifying future income and use. The spending plan clarifies the income and expenses of a country.
The objectives of government budgets are:
- To have a stable economy.
- To reduce income disparity.
- To have a stable economic growth.
- Take part in production of goods and services where the public or private sector refuse.
Also see: Government Budget and the Economy
Stay tuned to BYJU’S to learn similar Commerce Questions.
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