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Question : The main purpose of a government budget is to:

Option 1: Maximize profits for the government
 

Option 2: Minimize the size of the government
 

Option 3: Allocate resources efficiently

 

Option 4: None of the above


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Allocate resources efficiently


Solution : The correct answer is (c) to allocate resources efficiently.

The government budget serves as a financial plan that outlines the government's anticipated revenues and expenditures for a specific period, typically a fiscal year. While the specific goals and priorities of a government budget may vary, its primary purpose is to allocate resources effectively and efficiently to meet the needs of the country and its citizens.

Through the budgeting process, the government determines how funds will be allocated to various sectors and programs such as education, healthcare, infrastructure, defense, social welfare, and more. The goal is to ensure that resources are distributed in a manner that promotes economic growth, social development, and the well-being of the population.

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