Q. 19

<span lang="EN-GB

Answer :

A government budget is an annual financial statement showing item wise estimates of expected revenue and anticipated expenditure during a fiscal year. One of the main functions of the government budget is to ensure economic growth in the country.

The government budget focuses on the mobilisation of sufficient resources for investment in the public sector. The government budget always facilitates economic growth. A well-structured budget paves the way to achieve economic growth in an economy.

Economic Growth results in a sustained increase in the real GDP. Public welfares through government budgets boost the process of economic growth. Government is responsible for providing public welfare for its citizens like education, better infrastructure, better health care etc. The economic growth also depends on the rate of savings and investment. The government is keen to make various provisions in the raise overall rate of savings and investments in the economy.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses

If real income toEconomics - Board Papers

What are capital Economics - Board Papers

What are revenue Economics - Board Papers