Show the major objectives of national budgets in Uganda
- Creating and maintaining a high level of employment. This is done through reducing taxes and increasing government expenditure on various development projects
- Guides the government on how to spend public funds in order to achieve economic stability and national development
- To stimulate faster rate of economic development through efficient use of natural resources.
- It informs the government on the performance of the past budget. The government therefore is in position to work out loopholes and plan.
- It is important in attracting foreign aid
- To achieve well equitable distribution of income through progressive tax system.
- To raise government revenue for development of social and economic infrastructure.
- To control inflation
- To correct balance of payment
- To help government in protecting infant domestic industries
- To plan manpower development
- influence resource allocation
- influence investment
CATEGORIES Economics
TAGS Dr. Bbosa Science
