ROLES OF BUDGET IN MODERN ECONOMY

 

ROLES OF BUDGET IN MODERN ECONOMY

I. Budgeting is used as a means of raising revenue.

II. Budget can be used as a tool for economic planning.

III. Budgeting serves as a means of protecting the economy.

IV. The government uses the budget as a tool for controlling inflation by spending lesser money that received by way of tax and other sources.


V. Budget can also be used as a way of the remedy of deflationary situation through the implementation of Budget Deficit.

MEANING, TYPES AND USES OF BUDGET 

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