Public Budget: Effective Mechanism to Strengthen Economy

Abstract

Public Budget has the vital role in the progress of any economy whether developed, developing or underdeveloped. It helps to strengthen the economy. At first, the Public Budgets were treated just as plan for the public expenditure and public revenue. But in the modern world the role of public budget has been increased a lot. Now it is considered as policy document which provide different policies for the different people involve in different professions, business, employment etc. However the main focus of the public budget is still to balance the fiscal deficit by balancing the public revenue and public expenditure. This paper describes the roles of public budgeting in the growth of economy.