Class 12th Economics Government Budget and the Economy
Government Budget and the Economy
Class 12th Economics
Chapter: Government Budget and the Economy
Topic: Government Budget and the Economy
https://youtu.be/rdOMbf8fzRk
Government Budget and the Economy
Class 12th Economics
Chapter: Government Budget and the Economy
Topic: Introduction
https://youtu.be/ER39SBpeumU
Government Budget and the Economy
Class 12th Economics
Chapter: Government Budget and the Economy
Topic: Expenditure
https://youtu.be/iDiVNpG2oVY
Government Budget and the Economy
Class 12th Economics
Chapter: Government Budget and the Economy
Topic: Various Expenditures
A government budget is a financial plan that outlines the income and expenses of a government for a particular period, usually a year. It is a crucial tool for economic management, as it enables the government to allocate resources and prioritize spending to achieve its economic and social objectives.
It affects the overall level of economic activity, the distribution of resources, and the distribution of income. The budget can either stimulate or constrain economic growth, depending on its design and implementation.
The government budget consists of two parts: the revenue budget and the capital budget. The revenue budget includes all the revenue sources of the government, such as taxes, fees, and fines, while the capital budget includes all the capital expenditure, such as investment in infrastructure and social services.
The government budget can impact the economy in several ways. It can affect aggregate demand, which is the total demand for goods and services in the economy. By increasing government spending, the budget can boost aggregate demand, leading to an increase in economic activity and employment.