Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsBudget2 Marks
Question
"Balanced budget is Ideal not reality." Explain.
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Answer
Government should plan its expenditure according to the current income it is an ideal situation, but not reality.
Due to this Economic stability is maintained at the lowest, while Public has the expectations of more and more facilities. To satisfy the expectations of the population, Government has to do provision of more expenditure in Govt. Budget, but to increase tax or non-tax income is difficult so budget is mostly framed of deficit.
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