Economic growth and social welfare
Revenue generation and expenditure control
Central and state priorities
All of the above
Answer is Right!
Answer is Wrong!
The Gujarat budget aims to achieve a balance between economic growth and social welfare, revenue generation and expenditure control, and central and state priorities.
The budget proposes to increase spending on social welfare programs, such as education, health, and nutrition. It also proposes to increase investment in infrastructure, such as roads, bridges, and power plants. The budget aims to generate revenue through taxes, fees, and other sources. It also aims to control expenditure by reducing waste and inefficiency. The budget is designed to meet the needs of both the state and the central government.
Here is a brief explanation of each option:
- Economic growth: Economic growth is the increase in the amount of goods and services produced by an economy over time. It is measured by the gross domestic product (GDP), which is the total market value of all final goods and services produced within a country’s borders in a given year. Economic growth is important because it leads to higher incomes, more jobs, and a better standard of living.
- Social welfare: Social welfare is the provision of assistance to people in need, such as the elderly, the disabled, and the unemployed. It is also known as social security or social protection. Social welfare programs are designed to help people meet their basic needs, such as food, shelter, and healthcare.
- Revenue generation: Revenue generation is the process of collecting money from taxes, fees, and other sources. The government uses revenue to fund its operations, such as providing public services, paying for infrastructure, and repaying debt.
- Expenditure control: Expenditure control is the process of managing government spending. The government uses expenditure control to ensure that it does not spend more money than it has. Expenditure control is important because it helps to keep the government’s finances in order.
- Central and state priorities: The central government and the state government have different priorities. The central government is responsible for national defense, foreign affairs, and other matters that affect the entire country. The state government is responsible for education, healthcare, and other matters that affect the state. The budget must balance the priorities of both the central and state governments.