Question

What are the objectives of the government budget?

Answer 1

The objectives of the government budget are as follows:

1. Reallocation of resources evenly across the nation.
2. Reducing inequality in terms of earnings and wealth generation.
3. Generation of employment opportunities.
4. Redistribution of activities.
5. Proper management of the public enterprises.
6. Contributing to the economic growth of the country.

Also read:

• Budget Deficit
• Difference Between Standard Costing and Budgetary Control
• The Consumers Budget
• Balanced Surplus and Deficit Budget
• Difference Between Capital Expenditure and Revenue Expenditure
• Government Budget and the Economy

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