The correct answer is: d) All of the above.
The Meghalaya State Budget is an important tool for allocating resources across sectors, reflecting policy priorities, and revenue and expenditure planning.
The budget is a statement of the government’s financial plans for the coming year. It sets out how much money the government will spend on different programs and services, and how it will raise that money. The budget is a key tool for the government to achieve its policy goals.
The budget is also important for planning and managing the government’s finances. It helps the government to track its spending and revenue, and to make sure that it is not spending more money than it is taking in. The budget also helps the government to identify areas where it can save money or make changes to its programs.
The Meghalaya State Budget is a complex document, but it is an important tool for the government to achieve its policy goals and manage its finances.
Here is a brief explanation of each option:
- a) Allocating resources across sectors: The budget allocates resources across different sectors of the economy, such as education, health, and infrastructure. This helps to ensure that the government is investing in the areas that are most important to the people of Meghalaya.
- b) Reflecting policy priorities: The budget reflects the government’s policy priorities. For example, if the government wants to focus on education, it will allocate more money to education in the budget. This helps to ensure that the government is using its resources in a way that is aligned with its goals.
- c) Revenue and expenditure planning: The budget helps the government to plan for its revenue and expenditure. This helps to ensure that the government is able to meet its financial obligations and that it is not spending more money than it is taking in.
I hope this helps!