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All About The Effects Of Not Implementing The Budget Of A Country.

For any country to thrive in all aspects of development it must have a budget which is annually in most cases. Businesses contribute a lot in mobilizing financial resources to implement the budget. Therefore the state must come with defined methods to ensure that businesses have performed well.

Developments or services for any nation are most of the time financed by the citizens through the payment of tax. Paying tax is for both the individual persons and the business itself and this happens within the prescribed time. Failure to pay tax as prescribed outlining the deadline date leads to punishment by way of penalty. However this being the only way to enhance payment of taxes, the state should come up with tax incentives to encourage people to pay tax. Levying less tax for the dividends will enable many people who have the interest of buying shares to be more. Maximizing on the dividends returns is something common with the shareholders as it the motive. Take the case where the state charge high tax rates on dividends this has the effect of not having many people buying shares.

Some projects budgeted they are not all that benefit the people but some of are always favorable. The taxpayers should always be the biggest beneficiary of projects budgeted by the government. some people cannot build houses or rent even a single house to live in. In the budget that any government comes up with should include building of affordable houses to those who are unable to have one. This has got a lot significant in that it helps to improve the economy of the country because they have shelter under the roof. Despite the willingness of the government to build affordable houses to people it should also make sure that loans do not overburden the people.

The fact that health is paramount, the government should consider having strong measures to battle health problems. The the government setting sum of money can counter health problems and diseases of people in the budget. The only way that the government can counter diseases that comes unware is by it setting a lot of money for that purpose. If the government has to develop then the health of people must be considered and taken care of.

Tourism plays a key role in the collection of revenue to any state. The state can always find it necessary to budget the tourism sector by building archaeological sites. These sites have always the effect of attracting tourists every now and then hence a source of income to the government.

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