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What are the governtment Budget

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What are the governtment Budget

Posted by Mohammad Faiz 3 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Ramanpreet Kaur 3 years, 7 months 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 years, 7 months 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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This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

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