Explain the ' economic stability 'objective of a government budget ? ( give answer in points )
'Economic stability' can be explained as an objective of government budget as follows.
1) Government aims to stabilise the economy from the fluctuations such as inflation, unemployment and different periods of business cycle.
2) The budgetary policy is used to achieve higher economic growth rates while maintaining price and employment stability.
3) Economic stability allows a smooth and efficient functioning of the economy.
1) Government aims to stabilise the economy from the fluctuations such as inflation, unemployment and different periods of business cycle.
2) The budgetary policy is used to achieve higher economic growth rates while maintaining price and employment stability.
3) Economic stability allows a smooth and efficient functioning of the economy.