Economy, asked by ekam2346, 1 year ago

explain economic growth as an objective of government budget ​

Answers

Answered by Aanya599
3
HEY MATE HERE IS YOUR ANSWER:-

General objectives of a government budget are as under:

(i) Economic growth: To promote rapid and balanced economic growth so as to improve living standard of the people Economic growth implies a sustained increase in real GDP of the economy, i.e., a sustained increase in volume of goods and services.

(ii) Reduction of poverty and unemployment:To eradicate mass poverty and unemployment by creating employment opportunities and providing maximum social benefits to the poor .In fact, social welfare is the single most important objective. Every Indian should be able to meet his basic needs like food, clothing, housing (roti, kapda, makaan) along with decent health care and educational facilities.

(iii) Reduction of inequalities/Redistribution of income: To reduce inequalities of income and wealth, government can influence distribution of income through levying taxes and granting subsidies. Government levies high rate of tax on rich people reducing their disposable income and lowers the rate on lower income group.


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Answered by Vamprixussa
4

Ello user !!!!!!!!

Here is your answer,

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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.

Economic growth is an important macro-economic objective because it enables increased living standards, improved tax revenues and helps to create new jobs.

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