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State the objectives of Government Budget.

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The objectives of the government budget are:

1. Resource Allocation: The budget aims to allocate resources efficiently by prioritizing sectors like education, health, and infrastructure to aschieve balanced economic development.

2. Economic Stability: Through fiscal policies, the government tries to control inflation, deflation, and unemployment to stabilize the economy.

3. Reduction of Inequalities: The budget promotes equitable distribution of income and wealth by imposing progressive texes and providing subsidies to the underprivileged.

4. Public Welfare: It aims to improve the quality of life by allocating funds for welfare schemes like healthcare, housing, and rural development.

5. Economic Growth: By investing in capital formation, industrialization, and infrastructure, the government fosters economic growth and development.

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