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The role of budget as an instrument of planning include;
1: The budget in planned economy is a budget in planned economy is a budget of national resources and output capacity.It does not confine itself to review of public sector programmes only.The budget in the framework of economic planning is an over-all regulator of all the determinants of economic growth.Through budget,the government can encourage or discourage the private expenditure also.
2:The government budget can play fundamental role in increasing the rate of capital accumulation and economic growth.
3:With the increased responsibility of government for adequate spending in a planned in a planned economy,the theory of sound finance and balanced budget is delegated to the back-ground.The annual budgets are prepared within the frame-work of work of four or five years development plans.
Bom answered the question on March 24, 2018 at 10:27
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