In most cases the budget of a country is held annually, and so it needs to exist to enable a country to grow in all aspects of development. 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. Penalty as a form of punishment due to failure of not meeting the deadline of paying tax is something common. The government come up with incentives to encourage more people to do business. Many people will create a lot of interests of buying shares from a company tax for the dividends is less. Shareholders buys shares of a certain company with the mindset that he or she will be in a position to maximize on the returns. Low tax rates on dividends from shareholders attracts potential investors to buy much more shares hence the major source of income to the government.
Some projects budgeted they are not all that benefit the people but some of are always favorable. the state should always remain a position to budget projects that will have a positive impact on the taxpayers. some people cannot build houses or rent even a single house to live in. People who are unable to rent a house should be taken care of by the government by way of having a budget that advocates for affordable houses. This has got a lot significant in that it helps to improve the economy of the country because they have shelter under the roof. It should not be that people will be left with a lot of accumulated loans that finance the affordable housing project.
The health conditions of people should be considered a lot and measures should be taken to ensure that the health problems are fought with. The the government setting sum of money can counter health problems and diseases of people in the budget. The the government should set money for diseases that come unawares and affects many people at the same period. 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. The fact that tourists are attracted to archaeological sites that becomes a major source of income.