To fund public services
To reduce the fiscal deficit
To control inflation
All of the above
Answer is Wrong!
Answer is Right!
The correct answer is: All of the above.
Governments increase taxes for a variety of reasons, including to:
- Fund public services. Taxes are a major source of revenue for governments, and they are used to fund a wide range of public services, such as education, healthcare, and infrastructure.
- Reduce the fiscal deficit. A fiscal deficit is the difference between a government’s revenue and its expenditure. When a government runs a fiscal deficit, it means 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube