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Elaborate economic growth as objective of …

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Elaborate economic growth as objective of govt. budget.

Posted by Suryansh Vishnoi 5 years ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 5 years ago

When the Government formulates the budget it keeps in mind many objectives . One of the essential objective is to increase the growth rate . The growth rate of a country depends on rate of saving and investment . So in order to raise the rate of savings and investment , budgetary policy aims to mobilise sufficient resources for investment in the public sector. To raise the overall savings and investment alteration of public expenditure , tax policies etc are the tools implemented by the government . More savings lead to more investment which results in more revenue generation .

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