Is balanced budget and achievement of the government. if yes then why if no then why not?
Dear Student,
Balance budget means "Government receipt =Government expenditure". it is good,but now days every government try to make deficit budget for doing more social welfare of its citizens. No government will prefer to make surplus budget ,it means government reduce expenditure on welfare of society.and no government can run for longer time by avoiding social welfare of society.
A balanced budget is also not always a good budget because of following reasons
- it does not promote economic growth
- it does not provide any solution to the problem of unemployment .
Hope this helps,
Regards,
Balance budget means "Government receipt =Government expenditure". it is good,but now days every government try to make deficit budget for doing more social welfare of its citizens. No government will prefer to make surplus budget ,it means government reduce expenditure on welfare of society.and no government can run for longer time by avoiding social welfare of society.
A balanced budget is also not always a good budget because of following reasons
- it does not promote economic growth
- it does not provide any solution to the problem of unemployment .
Hope this helps,
Regards,