Please enable JavaScript.
Coggle requires JavaScript to display documents.
Suppose you are the finance minister of your country. The government…
Suppose you are the finance minister of your country. The government budget is running in deficit. What will you do to solve this issue?
How did this issue arise? Why is our government budget running in deficit. Before considering how to solve our issue we need to address the problem of what happened?
If we caused the problem through improper management of resources or because of internal mistakes, we should reform our systems in accordance.
Reallocating resources
Allocation of resources can also be intervened by the government, by producing purchasable goods and services that societies wants most, they can also collect more tax revenue
Funding and use of natural resources on government projects like building roads or new prisons; they more effectively distribute and limit the use of resources to what is most needed
Redistribution of roles
Who was in charge of managing resources and their use? Will changing those in charge cause reform in how effectively the government uses their budget?
Changing policies
How does the government allow deficit to occur? How can we change regulations in order to release ourselves from this circumstance?
-
-
-