Which of these is one of the functions of government budget?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Redistribution of income and wealth.
A government budget's function includes redistributing income and wealth. This aims to reduce economic inequality. Through taxation policies, higher earners contribute more, and social welfare programs provide support to lower-income individuals. This process seeks to create a more equitable society by bridging the gap between the rich and the poor.