What is government budget
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Yogita Ingle 5 years, 9 months ago
A government budget is an annual financial statement depicting item wise approximates of expected revenue and foreseen expenditure during a fiscal year.
The government can bring in economic stability, i.e. control fluctuation in general cost price degree, via taxes, subsidies and expenditure. When there is inflation, the government can reduce its own expenditure. When there is deflation, a government can reduce taxes and give subsidies to encourage spending by the people.
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