What are the governtment Budget

What are the governtment Budget
  • 2 answers

Ramanpreet Kaur 3 weeks, 4 days ago

A government budget is an financial statements showing item wise estimate of.expected revenue and anticipated expenditure during a fiscal year.(2) budget has two part(a)and(b) expenditure

Yogita Ingle 3 weeks, 6 days ago

A government budget is an annual financial statement showing item wise estimates of
expected revenue and anticipated expenditure during a fiscal year.
2. Budget has two parts:
(a) Receipts; and (b) Expenditure.
3. Objectives of budget:
(a) Activities to secure a reallocation of resources:
(i) Private enterprises always desire to allocate resources to those areas of production where profits are high.
(ii) However, it is possible that such areas of production (like production of alcohol) may not promote social welfare.
(iii) Through its budgetary policy the government of a country directs the allocation of resources in a manner such that there is a balance between the goals of profit maximisation and social welfare.

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