{"id":24381,"date":"2015-02-20T06:00:00","date_gmt":"2015-02-20T06:00:00","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=24381"},"modified":"2024-04-03T13:15:31","modified_gmt":"2024-04-03T07:45:31","slug":"meaning-of-government-budget-and-its-objectives","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/","title":{"rendered":"Meaning of Government Budget and its Objectives"},"content":{"rendered":"<p style=\"text-align: center;\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/Meaning-of-Government-Budget-and-its-Objectives.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-25300\" alt=\"Meaning of Government Budget and its Objectives\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/Meaning-of-Government-Budget-and-its-Objectives-300x212.jpg\" width=\"300\" height=\"212\" srcset=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/Meaning-of-Government-Budget-and-its-Objectives-300x212.jpg 300w, https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/Meaning-of-Government-Budget-and-its-Objectives-1024x724.jpg 1024w, https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/Meaning-of-Government-Budget-and-its-Objectives.jpg 1200w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>MEANING OF GOVERNMENT BUDGET:<\/p>\n<p>The government budget is an annual financial statement showing item wise estimates of expected revenue and anticipated expenditure during a fiscal year. Just as your household budget is all about what you earn and spend, in the same way the government budget is a statement of its income and expenditure. In the beginning of every year the government presents before the Lok Sabha an estimate of its receipts and expenditure for the coming financial year. It plans its expenditure according to its objectives and then tries to raise the resources to meet the proposed expenditure.<\/p>\n<p>THE MAIN OBJECTIVES OF A GOVERNMENT BUDGET:<\/p>\n<ul>\n<li>Economic growth: to promote rapid and balanced economic growth so as to improve living standard of the people.<\/li>\n<li>Reduction of poverty and unemployment: to eradicate mass poverty and unemployment by creating employment opportunities and providing maximum social benefits to the poor.<\/li>\n<li>Reduction of inequalities: inequalities of income and wealth are reduced through levying taxes and granting subsidies. Government levies high rate of tax on rich people and lower rate in the lower income group and also provides the latter with subsidies and amenities. Economic progress in itself is not a sufficient goal but the goal must be equitable progress.<\/li>\n<li>Reallocation of resources: the reallocation of resources is necessary in order to achieve social and economic objectives. The government allocate resources into areas where private initiative is absent such as public sanitation, education, health etc.<\/li>\n<li>Price stability: to maintain price stability and correct business cycles involving depression characterized by falling output, prices and increasing unemployment.<\/li>\n<li>Management of public enterprises: to manage public enterprises which are of nature of national monopolies like railways, electricity etc.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/certifications\">Click here for government certifications<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MEANING OF GOVERNMENT BUDGET: The government budget is an annual financial statement showing item wise estimates of expected revenue and anticipated expenditure during a fiscal year. Just as your household budget is all about what you earn and spend, in the same way the government budget is a statement of its income and expenditure. In&#8230;<\/p>\n","protected":false},"author":484,"featured_media":52629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1560],"tags":[2174,2175,1037,827,2176],"class_list":["post-24381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbit","tag-budget","tag-enterprises","tag-finance","tag-management","tag-resources"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government Budget<\/title>\n<meta name=\"description\" content=\"what are the main objectives of the Government Budget ?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government Budget\" \/>\n<meta property=\"og:description\" content=\"what are the main objectives of the Government Budget ?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/\" \/>\n<meta property=\"og:site_name\" content=\"Vskills Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-20T06:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T07:45:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/6.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"author\" content=\"Akshaya Aggarwal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Akshaya Aggarwal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/\",\"name\":\"Government Budget\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/6.gif\",\"datePublished\":\"2015-02-20T06:00:00+00:00\",\"dateModified\":\"2024-04-03T07:45:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/056826385696d2666444f7449ee14fa7\"},\"description\":\"what are the main objectives of the Government Budget ?\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/#primaryimage\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/6.gif\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/6.gif\",\"width\":750,\"height\":400,\"caption\":\"Meaning of Government Budget and its Objectives\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Meaning of Government Budget and its Objectives\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/\",\"name\":\"Vskills Blog\",\"description\":\"Vskills - A Initiative in Assessment to Enhance Employability\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vskills.in\/certification\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/056826385696d2666444f7449ee14fa7\",\"name\":\"Akshaya Aggarwal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a41355f1cd33c4c948d6484b45d9068a20f5d41c8d1e34c80b3711ea3a7d23c1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a41355f1cd33c4c948d6484b45d9068a20f5d41c8d1e34c80b3711ea3a7d23c1?s=96&d=mm&r=g\",\"caption\":\"Akshaya Aggarwal\"},\"description\":\"I live in New Delhi and i am pursuing Economics Hons. from Delhi University, New Delhi. I was interested in Economics since my school days and decided to pursue it in my college. To know more about this subject i do content writing on various topics related to Economics.\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/author\/akshaya-aggarwal\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Government Budget","description":"what are the main objectives of the Government Budget ?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/","og_locale":"en_US","og_type":"article","og_title":"Government Budget","og_description":"what are the main objectives of the Government Budget ?","og_url":"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/","og_site_name":"Vskills Blog","article_publisher":"https:\/\/www.facebook.com\/vskills.in","article_published_time":"2015-02-20T06:00:00+00:00","article_modified_time":"2024-04-03T07:45:31+00:00","og_image":[{"width":750,"height":400,"url":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/6.gif","type":"image\/gif"}],"author":"Akshaya Aggarwal","twitter_misc":{"Written by":"Akshaya Aggarwal","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/","url":"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/","name":"Government Budget","isPartOf":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/#primaryimage"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/#primaryimage"},"thumbnailUrl":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/6.gif","datePublished":"2015-02-20T06:00:00+00:00","dateModified":"2024-04-03T07:45:31+00:00","author":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/056826385696d2666444f7449ee14fa7"},"description":"what are the main objectives of the Government Budget ?","breadcrumb":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/#primaryimage","url":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/6.gif","contentUrl":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/6.gif","width":750,"height":400,"caption":"Meaning of Government Budget and its Objectives"},{"@type":"BreadcrumbList","@id":"https:\/\/www.vskills.in\/certification\/blog\/meaning-of-government-budget-and-its-objectives\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.vskills.in\/certification\/blog\/"},{"@type":"ListItem","position":2,"name":"Meaning of Government Budget and its Objectives"}]},{"@type":"WebSite","@id":"https:\/\/www.vskills.in\/certification\/blog\/#website","url":"https:\/\/www.vskills.in\/certification\/blog\/","name":"Vskills Blog","description":"Vskills - A Initiative in Assessment to Enhance Employability","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vskills.in\/certification\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/056826385696d2666444f7449ee14fa7","name":"Akshaya Aggarwal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a41355f1cd33c4c948d6484b45d9068a20f5d41c8d1e34c80b3711ea3a7d23c1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a41355f1cd33c4c948d6484b45d9068a20f5d41c8d1e34c80b3711ea3a7d23c1?s=96&d=mm&r=g","caption":"Akshaya Aggarwal"},"description":"I live in New Delhi and i am pursuing Economics Hons. from Delhi University, New Delhi. I was interested in Economics since my school days and decided to pursue it in my college. To know more about this subject i do content writing on various topics related to Economics.","url":"https:\/\/www.vskills.in\/certification\/blog\/author\/akshaya-aggarwal\/"}]}},"_links":{"self":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/24381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/users\/484"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/comments?post=24381"}],"version-history":[{"count":3,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/24381\/revisions"}],"predecessor-version":[{"id":52630,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/24381\/revisions\/52630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/media\/52629"}],"wp:attachment":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/media?parent=24381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/categories?post=24381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/tags?post=24381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}