Question

What are the objectives of budgetary policies? 

पर्याय

• To reduce inequalities of income and wealth in the country

• Distribution of wealth and social welfare

• Both to reduce inequalities of income and wealth in the country and distribution of wealth and social welfare.

• None of the above

Answer 1

Both to reduce inequalities of income and wealth in the country and distribution of wealth and social welfare.

Explanation:

The fundamental goal of the government's budgetary policy is to eliminate income and wealth disparities in the country. Even so, the basic goal of budgetary policy remains wealth distribution and social welfare. When one group's income exceeds that of the other, inequality results. To lessen income and wealth disparities in the country, the government employs a progressive taxation strategy.