![Explain how a national budget act as a regulatory instrument Explain how a national budget act as a regulatory instrument](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
Explain how a national budget act as a regulatory instrument
- It protects domestic industries from competition of dumped commodities
- Reduces income inequalities by taxing the rich more
- Restrict consumption of harmful commodities e.g. cigarettes
- They enable the government to reduce BOP problems by taxing more on imports and less on exports
CATEGORIES Economics
TAGS Dr. Bbosa Science