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New budget amid economic challenges
June 2, 2024 08:30 am
In developing countries, a high proportion of economic activity is controlled, directly or indirectly, by the government, where the political process determines the allocation of resources. However, in advanced countries, the budget is a mechanism by which taxpayers and their representatives control the financial activities of the government, distributing public power between different sectors and creating a system of checks and balances.
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