Considerations that Government Should Look Before Incurring Any Expenditure Questions

Hzzvxny

Business Finance

Question Description

(a)Explain five Considerations that government should look before incurring any expenditure (10mks)

Question two

(a)Define the following:

  • Fiscal policy (2mks)
  • Monetary policy (2mks)

(b) Explain two instruments of fiscal policy which can be employed by the government to eliminate unemployment (6mks)

(c ) Describe five objectives of fiscal policy

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Explanation & Answer

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1. Explain five Considerations that government should look before incurring any

expenditure
First, the government should consider whether the maximum social benefit of the
expenditure. The government should evaluate whether the expenditure would provide
maximum benefits to the society overall. Second, it is important to consider the principle
of the economy. The government should create a thorough budget and ensure that there
would be no wastage in the expenditure. Third, the government should ensure that there
is a surplus, which means that government revenue that will be obtained should exceed
the exp...

fbcuvrnaanoryyr (628)
University of Maryland

Anonymous
Really great stuff, couldn't ask for more.

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