Question

Define budget and its various objectives

Answer 1

Answer:

Objectives of Government Budget. A government budget is a year-long country's financial report explaining item-wise calculations of future revenue and expenditure. The budget explains what the income and expense of a nation is.

Answer 2

OBJECTIVES OF BUDGET. Government budget is a statement of expected receipts and expenditure of the government during a fiscal year. Main objectives of government budget are: (A)Redistribution of income and wealth: It is one of the most important objective of the government budget.