Define budget and its various objectives
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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.
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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.
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