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Explain Any One Objective of Government Budget. - Economics

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Explain any one objective of Government Budget.

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Solution

Through the budgetary policy, the government can reallocate resources so that social and economic objectives can be met in the following ways:-

i. The government ensures productive expenditure to maximise the welfare of the nation with minimum level of profit.

ii. The government regularises the activities of the private sector to provide social benefit to the poor.

iii. The government impose taxes on socially unsafe goods such as alcohol and tobacco to shift resources to the production of socially essential goods.

Concept: Objectives of Government Budget
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