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Question
Why is there a need for a government budget?
Why is there a need for a government budget?
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Solution
A government budget is drafted to meet the following objectives:
1. High rate of GDP growth
2. Balanced regional growth
3. Allocation of resources: Budget determines how resources should be allocated efficiently and judiciously
4. The budget aims to redistribute wealth and income from the rich to the poor.
A government budget is drafted to meet the following objectives:
1. High rate of GDP growth
2. Balanced regional growth
3. Allocation of resources: Budget determines how resources should be allocated efficiently and judiciously
4. The budget aims to redistribute wealth and income from the rich to the poor.
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