Role of National Budget in an economy
- Creation of employment opportunities
- Attains price stability/ controls inflation.
- Protection of infant industries.
- Reducing income inequality / ensures equitable distribution of income.
- Discourages production and consumption of undesirable / harmful products.
- It is used to mobilize resource, both local and foreign/soliciting foreign aid.
- Raising revenue to finance development through taxation. · ·
- Promotion of economic growth.
- Influencing resources allocation/ investment.
- Promoting regional balanced development.
- Helps the government in ,management of public debt
- Reducing economic dependence/ attaining self-reliance. ·
- Regulating government expenditure.
- Improving balance of payment s position.
- It is used to solicit for political support by government / mobilization of the masses.
CATEGORIES Economics
TAGS Dr. Bbosa Science
