Discuss the need and ibjectives of govt budget
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Economic Stability: Government budget is used to prevent business fluctuations of inflation or deflation to achieve the objective of economic stability. ... Policies of surplus budget during inflation and deficit budget during deflation helps to maintain stability of prices in the economy.
i hope help u....
Economic Stability: Government budget is used to prevent business fluctuations of inflation or deflation to achieve the objective of economic stability. ... Policies of surplus budget during inflation and deficit budget during deflation helps to maintain stability of prices in the economy.
i hope help u....
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Economic objectives are what the government wants to achieve and include:
Stable prices (low inflation)
Steady and sustained economic growth.
Low unemployment or full employment.
A balanced balance of payments.
The main government aims for the economy are full employment, price stability, economic growth, redistribution of income and stability of balance of payments. A government can operate a range of policy measures to achieve these aims and it is judged on their success or otherwise.
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Stable prices (low inflation)
Steady and sustained economic growth.
Low unemployment or full employment.
A balanced balance of payments.
The main government aims for the economy are full employment, price stability, economic growth, redistribution of income and stability of balance of payments. A government can operate a range of policy measures to achieve these aims and it is judged on their success or otherwise.
hope helps ☺️☺️☺️☺️
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