The progressive taxation system seeks to achieve which of the following objectives of the government budget?

Redistribution of income

The correct answer is Option (4) → Redistribution of income

A progressive taxation system means that tax rates increase with income — higher-income groups pay a larger proportion of their income as tax compared to lower-income groups.

This helps in:

• Reducing income inequalities between the rich and poor, and

• Promoting social equity by transferring resources (through welfare schemes) to lower-income sections.

Hence, the main objective of progressive taxation is the redistribution of income in the economy.