what is the importance of government budget?

importance of govt budget are :

(i)Economic growth: To promote rapid economic growth so as to improve living standards of the people.
(ii)Reduction of poverty and employment: To eradicate mass poverty and unemployment by creating maximum employment opportunities and providing maximum social benefits to the poor. Social welfare is the single most objective of the government.
(iii) Reallocation of Resources: To reallocate resources with socialand economic objectives.
(iv) Reduction of inequalities: To reduce inequalities of income andwealth through levying taxes and granting subsidies. More emphasis is laid on equitable distribution of wealth and income. Economic progress is not a sufficient goal.There shouldbe equitable distribution of wealth in the economy.
(v) Price stability: To maintain price stability and to correct business cycles involving depression characterised by falling output andprices. 
(vi)Management of public enterprises: To manage public enterprises which are of the nature of monopolies like railways, electricity etc.

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Budget plays a very important role because it is a framework on which government applies the policies related to revenue and expenditure.It helps the economy  to work in a efficient way and to identifies the weakness.

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mportance of govt budget are :

(i)Economic growth:To promote rapid economic growth so as to improve living standards of the people.(ii)Reduction of poverty and employment:To eradicate mass poverty and unemployment by creating maximum employment opportunities and providing maximum social benefits to the poor. Social welfare is the single most objective of the government.(iii)Reallocation of Resources:To reallocate resources with socialand economic objectives.(iv)Reduction of inequalities:To reduce inequalities of income andwealth through levying taxes and granting subsidies. More emphasis is laid on equitable distribution of wealth and income. Economic progress is not a sufficient goal.There shouldbe equitable distribution of wealth in the economy.(v)Price stability:To maintain price stability and to correct business cycles involving depression characterised by falling output andprices.(vi)Management of public enterprises:To manage public enterprises which are of the nature of monopolies like railways, electricity etc.Budget plays a very important role because it is a framework on which government applies the policies related to revenue and expenditure.It helps the economy to work in a efficient way and to identifies the weakness.

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