Question

What is the government budget and its objectives?

Answer 1

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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