Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsBudget2 Marks
Question
Deficit Budget is inevitable for Economic Growth- Explain.
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Answer
It is inevitable to present Deficit Budget to fulfill the objectives of Economic stability, Economic Growth, Economic Equality.
It becomes necessary for the developing country to frame deficit budget for economic stability along with Economic growth. Infrastructure is to be developed by investing in country's basic industries.
This are requires more capital investment as it is for long term investment and capital formation. On the other side it is difficult to get huge income from current account. In this situation it becomes inevitable to frame Deficit Budget.
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