Question

What is government budget how can inequalities be reduced?

Answer 1

Budgetary policy in reducing inequalities in incomes: Fiscal policy implies the income and expenditure policy or the budgetary policy of the
Government. It is a branch of public finance which deals with the types of financial statements made by any Government about its probable revenue and expenditure during any particular year. Income inequality has increased in both advanced and developing economies in recent decades. Evidence from public surveys indicates that widening income inequality has been accompanied by growing public demand for income redistribution.

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