Public finance Essays & Research Papers

Best Public finance Essays

  • public Finance - 3479 Words
    Public finance - Collection of taxes from those who benefit from the provision of public goods by the government, and the use of those tax funds toward production and distribution of the public goods. a field of economics concerned with paying for collective or governmental activities, and with the administration and design of those activities Public finance is the study of the role of the government in the economy. It is the definitive branch of Economics which assesses the Government...
    3,479 Words | 11 Pages
  • Public Finance and Public Policy
    Critically analyze how successful the British government’s use of Spending Reviews has been as a way of making government more “strategic” Governments around the world every year are trusted with the task of efficiently and effectively managing taxpayers money. It is their responsibility to fairly allocate resources and stabilise the macro-economy with an overall aim to improve human wellbeing. One such process to allocate resources in the UK is called the Spending Review (SR). SRs were...
    2,877 Words | 10 Pages
  • Public Finance Paper - 756 Words
    Public Finance Paper Lewis Beets Public Administration- Institutions and Processes MGT/522 May 24, 2014 Professor Mark Holtzclaw Public budgets and expenditures are the means through which public policies are translated into tangible and targeted developmental actions. Government decisions about how to allocate and spend financial resources have a direct impact on the well-being of citizens. However, the misallocation, wrong prioritization, abuse and mismanagement of public funds pose a...
    756 Words | 3 Pages
  • Public Finance in Islam - 4015 Words
    OBJECTIVE The objective of the study is to explain the Islamic economic in general and public finance in particular which is aligned with the development of Islamic economy in today’s world. The literature in Islamic public finance is rich both in terms of coverage as well as scope of analytical content. Islamic public finance has been discussed and being practiced by the Muslim scholars ages ago. The elements in Islamic public finance can be gauged by numerous instructions in the Quran. It is...
    4,015 Words | 13 Pages
  • All Public finance Essays

  • Scope of Public Finance - 492 Words
    SCOPE OF PUBLIC FINANCE: In order to discuss the scope of public finance we present a definition which would be helpful to determine the reality of this subject as a science. According to Prof. Taylor, "Public Finance deals with govt. Finance and govt. finance is concerned with raising govt. revenue and making expenditures. In this way, public finance is concerned with govt. Treasury. If we consider it a science, then it is a fiscal science. The names of the policies of this science are fiscal...
    492 Words | 2 Pages
  • Public Finance Essay - 1148 Words
    Let us first understand what is meant by Public Finance. Public finance of country, as is obvious by the name, is the money collection of a country’s Government by way of taxes. The sources of revenue of the States and the Centre are called the public finance of a country, and this is because this amount of money is the money earned by the public and given to the Government for development works, and this is exactly why this money is termed as public finance. Lately, the sources of revenue of...
    1,148 Words | 3 Pages
  • assignment 2 on public finance
    1 GOVERNMENT BUDGET 2 WHY DO YOU THINK THAT, IT IS NECESSARY FOR GOVERNMENT TO BUDGET? INTRODUCTION. A budget may be defined as a financial statement made by the government, which spells out estimated government revenue and proposed and expenditure, of a Government in a given period; usually a year (Oguji, 2004). A budget is also, a detailed statement of government’s expected revenues and expenditures for the ensuing financial year. The budget is also considered as a...
    1,010 Words | 4 Pages
  • Concept of Public Finance - 12821 Words
    EPTD DISCUSSION PAPER NO. 99 PUBLIC SPENDING IN DEVELOPING COUNTRIES: TRENDS, DETERMINATION, AND IMPACT Shenggen Fan and Neetha Rao Environment and Production Technology Division International Food Policy Research Institute 2033 K Street, N.W. Washington, D.C. 20006 U.S.A. February 2003 EPTD Discussion Papers contain preliminary material and research results, and are circulated prior to a full peer review in order to stimulate discussion and critical comment. It is expected that...
    12,821 Words | 49 Pages
  • Fiscal: Public Finance and Book Cart Relevance
    A review of fiscal policy reforms in the ASEAN countries in the 1980s. by Manasan, Rosario G.; Makati, Metro Manila: Philippine Institute for Development Studies, 1990. Subject: Fiscal policy -- ASEAN countries; Fiscal policy -- Philippines. Add to Book Cart Relevance: 16.18% Optimal macroeconomic responses to an incipient debt crisis : the case of the Philippines. by Montes, Vaughn Flores.; Subject: Debts, External -- Philippines; Fiscal policy --...
    2,634 Words | 21 Pages
  • THE PRINCIPLES OF PUBLIC FINANCE MANAGEMENT AS TENABLE TO NIGERIA
    THE PRINCIPLES OF PUBLIC FINANCE MANAGEMENT AS TENABLE TO NIGERIA AN ASSIGNMENT ON PSD 3372 PUBLIC FINANCE ADMINISTRATION PRESENTED BY VUG/POL/12/425 NNAGBORO VINCENT UZOCHUKWU DEPARTMENT OF POLITICAL SCIENCE AND DIPLOMACY VERITAS UNIVERSITY, ABUJA (THE CATHOLIC UNIVERSITY OF NIGERIA) BWARI – ABUJA. SUBMITTED TO MISS BAKO (lecturer) DEPARTMENT OF POLITICAL SCIENCE AND DIPLOMACY VERITAS UNIVERSITY, ABUJA (THE CATHOLIC UNIVERSITY OF NIGERIA) BWARI - ABUJA. MAY, 2015. OUTLINE Introduction...
    1,577 Words | 6 Pages
  • Functions of Finance Executive, Finance Treasurer & Finance Controller
    |Financial Management | | | |Functions of Finance Executive, Finance Treasurer & Finance Controller | | | |3/16/2012...
    3,215 Words | 15 Pages
  • Finance Manager - 12099 Words
    Fiscal Policy in Kenya: Looking Toward the Medium-to Long-Term By Kamau Thugge, Peter S Heller, and Jane Kiringai[1] Executive Summary Kenya’s authorities, in articulating their vision for the next two decades of Kenya’s development, understood clearly that fiscal policy would need to play a critical role in influencing the pace at which the economy will grow and its capacity to deal with the key challenges that will arise over the next several decades. Domestic policy challenges...
    12,099 Words | 38 Pages
  • Public Debt - 6881 Words
    MINISTRY OF EDUCATION AND SCIENCE OF THE RUSSIAN FEDERATION PLEKHANOV RUSSIAN ACADEMY OF ECONOMICS INTERNATIONAL BUSINESS SCHOOL Coursework in Economics Public debt problem in Russia Student: Merefiianskyi Artem G. Group: 5203 Supervisor: Savinova M. Moscow 2006 CONTENTS INTRODUCTION...
    6,881 Words | 20 Pages
  • Public Spending - 458 Words
    Extract B (lines5-7) states: ‘this plan, laid out by the coalition government, implies the longest and deepest sustained periods of cuts to public spending since the Second World War’ Using the data and your economics knowledge, assess the likely impact of substantial cuts in public expenditure on the performance of the UK economy The UK economy can be judged by a number of key indicators mainly sustainable economic growth, low inflation (target 2%), a surplus on the balance of payments and...
    458 Words | 2 Pages
  • public sector - 812 Words
    财政分为财政收入和财政支出。收入主要来源于税收和国债,支出主要有社会消费性支出、财政投资性支出和转移支出。 a. brief background of fiscal position of UK Our central forecast for the next five years is that public sector net borrowing (PSNB) will decline steadily as a share of national income from the post-war peak it reached in 2009-10, but more slowly than we forecast in November. As a share of national income, Government revenues are projected to increase up to 2013-14 and then flatten out. Spending on public services and social...
    812 Words | 3 Pages
  • Public Expenditure - 4135 Words
    TABLE OF CONTENTS 1. Introduction 2. Theoretical review a. The Nature and Classification of Public Expenditure b. Theories of Public Expenditure c. Causes\ Goals of Public Expenditure d. Effects Of Public Expenditure 3. Conclusion Introduction Economic theory postulates that government or the state has 5 basic functions: 1. Promotion of economic growth and development 2. Maintenance of price stability 3....
    4,135 Words | 14 Pages
  • LOCAL GOVERNMENT FINANCE AND THE CHALLE
    LOCAL GOVERNMENT FINANCE AND THE CHALLENGES OF GLOBAL ECONOMIC CRISIS BY TOMORI M. ADIJOLOLA lolatomori@yahoo.com BEING A PAPER PRESENTED AT: THE WORKSHOP ON PROPERTY TAX SYSTEM AND LOCAL GOVERNMENT FINANCING ORGANISED BY: MINISTRY OF LOCAL GOVERNMETN AND CHIEFTAINCY MATTERS IN COLLABORATION WITH MESSRS WALE ADENIYI PARTNERSHIP MARCH 2009 LOCAL GOVERNMENT FINANCE AND THE CHALLENGES OF GLOBAL ECONOMIC CRISIS 1.0 INTRODUCTION As the biggest economic recession in 70 years continues to...
    7,539 Words | 55 Pages
  • Public Economics Exam - 1003 Words
    Economics 1410: Public Economics – Designing Government Policy Final Examination I SHORT QUESTIONS (10 points each, explain your answers) 1. True / False / Uncertain: It is always better to use monetary policy for output stabilization than to use fiscal policy. False. Monetary policy becomes ineffective once real interest rates come close to zero. Also: different lag lengths. 2. True / False / Uncertain: Requiring employers to make accommodations for disabled workers and to pay...
    1,003 Words | 4 Pages
  • Growth of India's Public Expenditure
    Q.1 : Explain the meaning, importance and objectives of public expenditure. Ans. MEANING OF PUBLIC EXPENDITURE:- Public Expenditure refers to Government Expenditure. It is incurred by Central and State Governments. The Public Expenditure is incurred on various activities for the welfare of the people and also for the economic development, especially in developing countries. In other words The Expenditure incurred by Public authorities like Central, State and local governments to satisfy the...
    5,637 Words | 21 Pages
  • Public Borrowing in the Philippines - 2791 Words
    Public Borrowing Public borrowing defined Public borrowing is money government borrows to fund public spending, the total amount of money that a country's central government has borrowed to fund its spending on public services and benefits.[1] Public debt - the total of the nation's debts: debts of local, state, and national governments; an indicator of how much public spending is financed by borrowing instead of taxation. [2] Origin of Public Borrowing [4] Mercantilist...
    2,791 Words | 12 Pages
  • Public Debt - Essay - 492 Words
    Public debt indicates the amount of outstanding debt instruments that are issued by the government anytime during the past but not yet repaid. (Seater, 2008) Incurring public debt is a regular phenomenon in managing fiscal and the monetary policy of an economy leading to governments borrowing money from local and international institutions to cover the public deficit. (Kumhof and Tanner, 2004) Mostly the lenders to the government are the financial intermediaries of the country where Kumhof and...
    492 Words | 2 Pages
  • Public Fiscal Administration - 3839 Words
    CITY OF MANILA UNIVERSIDAD DE MANILA Antonio Villegas St. Mehan Garden, Manila REPORT ON THE TOPIC EXPENDITURE THEORY, POLICY AND PERFORMANCE In Partial fulfillment of the requirement in the subject PA026A – PUBLIC FISCAL ADMINISTRATION PREPARED AND SUBMITTED BY GROUP V Vincent Yuzon Rosales II Frances Santos Angelito Laderas Antonio Vitan Jr. Ma. Lourdes Cuenco SUBMITTED TO PROFESSOR CYNTHIA RAVELA CUBOS June 28, 2011 THEORIES OF EXPENDITURE GROWTH...
    3,839 Words | 15 Pages
  • public sector accounting - 945 Words
    Government system & procedures 1. Financial procedure a. Federal Constitution - framework b. Financial Procedure Act (FPA) 1957 - power to enact c. Audit Act 1957 - provisions for audit d. Treasury Instructions - rules approved & document e. Treasury Circulars - new rules f. Government Accounting Standard (PPK) - standard & basis g. International Public Sector Accounting Standard (IPSAS’s) - standard by IFAC for global 2. Non-financial procedure Financial Provisions of the Federal...
    945 Words | 4 Pages
  • Participatory Budgeting and Public Expenditure
    | |[pic] | | | | |Participatory BudgetING and public expenditure management training manual | | | Contents Principles and Approaches of Participatory Budgeting 5 Introduction 5 An...
    34,745 Words | 111 Pages
  • economics of public sector - 24764 Words
    PUBLIC SECTOR WHAT ARE PUBLIC GOODS, MERIT GOODS AND IMPURE PUBLIC GOODS? WHAT KIND OF A PROBLEM IS ASSOCIATED WITH THE PROVISION OF PUBLIC GOODS? WHAT ARE THE REMEDIES? A public good is a good or service that can be consumed simultaneously by everyone and from which no one can be excluded—nonrival and nonexcludable. They are determined in terms of their economic rather than their administrative, physical, normative or financing charateristics. The market will fail to exist for public goods...
    24,764 Words | 78 Pages
  • Public Debt in India - 5798 Words
    ABSTRACT This report deals with the basic understanding of Public debt, what it comprises of and how it is managed and why does the government resort to public borrowing. Various forms of public debt have been discussed to facilitate better understanding of the concept. We have also attempted to analyze the impact of certain macro economic variables on the public debt in our country. For this purpose, we have used the “SPSS 13.0 for windows” as a tool to carry out the regression analysis....
    5,798 Words | 16 Pages
  • Macroeconomics - Managing Public Debt
    Managing Public Debt There are three ways to manage public debt. These budget philosophies are the Annually Balanced Budget, Cyclically Balanced Budget and Functional Finance. Each policy has its advantages and disadvantages which attempt to achieve a deficit during recession and move towards a surplus during inflation, which is the essence of counter cyclical fiscal policy. Based on a traditional orthodox view, the Annually Balanced Budget sees the government control its budget on a yearly...
    609 Words | 2 Pages
  • Public Private Partnerships in India
    PUBLIC PRIVATE PARTNERSHIP IN INDIA Public Private Partnership or PPP is a subject being given the increasing attention that it has been receiving in context of the sweeping changes in India's economic policies. We are all aware, along with the dismantling of the license permit raj a greater role is envisaged for the private sector in these new policies. Now it seems that, the private sector is not only to be facilitated in its growth, but there it can be taken on board as a partner by the...
    1,597 Words | 4 Pages
  • Effects of Foreign Aid on Public Expenditure
    CHAPTER ONE INTRODUCTION 1.1 Background to the study Foreign aid represents an important source of finance in most developing countries. It is estimated that foreign aid accounts for about 10 percent of the GDP and 40 – 70 percent of the government’s annual expenditure budget in Sub-Saharan Africa (SSA). It is estimated that over 90 percent of foreign aid projects in Sub-Saharan Africa (SSA) are implemented by foreign consulting firms. Critics of argue that foreign aid substitutes...
    3,722 Words | 12 Pages
  • Public Budget and Budgetary Control in Nigeria
    PUBLIC BUDGET AND BUDGETARY CONTROL IN NIGERIA INTRODUCTION In many ways budget documents are the most important manifestation of public they record the outcome of the political process: winners and losers of the political competition. They delineate government total service effort. As political documents budget allocate scarce resources among competing social and economic needs. As managerial documents they specify the ways and means for providing for government services. By...
    2,811 Words | 9 Pages
  • Normative Analysis on Public Debt of Bangladesh
    The ever rising public debt has been exercising a serious pressure on the micro-economic stability of the country which can’t be described in a word. To find out the disadvantages of public debt one need not to give a cat’s eye view on public debt of the country. Rather we can easily find out the disadvantages of public debt if we look to the present socio economic & political condition of our country. Public debt put an upward pressure on real interest rate crowding private investment out. High...
    1,420 Words | 5 Pages
  • Impact of Public Debt on the Economic Growth
    IMPACTS OF PUBLIC DEBTS ON THE ECONOMIC GROWTH Government debt is also known as public debt. It is the debt owed by a federal government to the internal or external sources. It is required when the stocks of government securities are insufficient to cover previous budget deficits. Budget deficits occur when the level of government expenditures exceeds its revenues. Based on macroeconomic theory, the level of government expenditure must be positive with the economic growth. The higher the...
    405 Words | 2 Pages
  • Public Expenditure and Economic Growth in India
    PUBLIC EXPENDITURE AND ECONOMIC GROWTH WHAT IS PUBLIC EXPENDITURE? MEANING: Public expenditure refers to Government expenditure i.e. Government spending. It is incurred by Central, State and Local governments of a country. Spending by government , municipality, or any local authority. It covers things such as health, education or social services and is funded by tax revenue. It is one of the element that make up aggregate expenditure. Government spending or government expenditure...
    13,516 Words | 43 Pages
  • United States Public Debt and Free Government Program
    The film follows Bixby and Walker who describe systematically four serious deficits shaping the U.S. economy: budget, savings, the balance of payments, and leadership. As of the early 2008 release of the film they had created a national debt of over $9.6 trillion, $30,000 for each American.[3][4][5] • The budget deficit section highlights the 53 trillion dollars in unfunded benefits (medicare, medicaid and social security) that will come due and can only be paid by tripling taxes or cutting all...
    418 Words | 2 Pages
  • Are the government officials good stewards of public funds?
     VOL 18 NO -108 REGD NO DA 1589 | Dhaka, Saturday February 26 2011 Are the government officials good stewards of public funds? The parliament should play an active role in ensuring the availability and credibility of fiscal information. There should be clear procedure for budget execution, monitoring, and reporting. The accounting system should provide a reliable basis for tracking revenues, commitments, payments, arrears, liabilities, and assets, writes M S Siddiqui A budget is...
    2,252 Words | 8 Pages
  • Financial Management and Control of the Public Sector in Ghana
    CHAPTER ONE INTRODUCTION 1.0 Background of the study Financial management issue in the public sector has become focus of increasing attention in recent years. Financial management could be defined as series of processes consisting of the operations, maintenance of capital and assets, monitoring of performance particularly financial reporting on the state of the finances. (Local Government Information Digest –November...
    10,676 Words | 35 Pages
  • Some Considerations About Public Debt of Vietnam
    Shock from the public debt crisis in Greek is spreading to some other EU countries. This makes other countries, especially countries with large public debt and chronic budget deficits, to reassess the situation of their fiscal. In Vietnam, continuously increasing public debt makes the requirement for higher quality public debt management in Vietnam is becoming urgent. According to the Ministry of Finance, “public debt”, including government debt, debt that is guaranteed by government...
    1,055 Words | 4 Pages
  • Why Do Governments Find It so Hard to Control Public Expenditure?
    Why Do Governments Find It So Hard To Control Public Expenditure? Since the 1970's rising public expenditure has become a politically salient issue, with the focus being on the difficulties experienced in trying to control it. In order to answer a question concerning why governments find it hard to control public expenditure it is first necessary to look at the reasons for the growth in public spending. There are three approaches which attempt to give reasons for growing public expenditure...
    2,664 Words | 8 Pages
  • What Problems Would the Minister of Finance Encounter in the Process of Budget Formulation and Implementation in Zambia?
    What problems would the minister of finance encounter in the process of budget formulation and implementation in Zambia? The national annual budget is a document containing various government activities or work programmes expressed in monetary form. Thus, the budget is an important economic policy tool for macroeconomic management and resource allocation. It provides a comprehensive statement of the nation’s economic priorities. Accordingly, the budget formulation process has four major...
    1,951 Words | 7 Pages
  • Neo-Liberalism and “Sound Finance” in India: Viewing Economic Theory and Praxis from the Lens of the People
    Neo-liberalism and “Sound Finance” in India: Viewing Economic Theory and Praxis from the Lens of the People -Zico Dasgupta I The present economic crisis, while engulfing the whole capitalist world, has left its distinct imprint on the Indian economy. The latter has been characterized by a sharp decline in the GDP growth rate, a negative growth rate in agricultural and manufacturing sector, massive job losses and plummeting crop prices in the recent period. However, as one of the recent...
    6,174 Words | 18 Pages
  • Evaluate the case for cutting public expenditure rather than raising taxes as a means of reducing fiscal deficits.
    Evaluate the case for cutting public expenditure rather than raising taxes as a means of reducing fiscal deficits. [30] A fiscal deficit is when a government's total expenditures exceed the tax revenues that it generates. A budget deficit can be cut by either reducing public expenditure or raising taxes. In this essay, I am going to analyse the benefits and costs of increasing tax rates to reduce fiscal deficits instead of cutting government expenditure. First of all, if...
    883 Words | 3 Pages
  • Budget of Bangladesh - 4546 Words
    EXECUTIVE SUMMARY Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard economic growth in certain areas of the economy and because views about priorities in government spending differ widely, government budgets are the focus of competing political interests. The budget has been announced with eight major...
    4,546 Words | 13 Pages
  • Budget Process - 15678 Words
    A. THE BUDGET PREPARATION PROCESS OBJECTIVES OF BUDGET PREPARATION During budget preparation, trade-offs and prioritization among programs must be made to ensure that the budget fits government policies and priorities. Next, the most cost-effective variants must be selected. Finally, means of increasing operational efficiency in government must be sought. None of these can be accomplished unless financial constraints are built into the process from the very start. Accordingly, the...
    15,678 Words | 62 Pages
  • Quiz Essay Questions Economics
    CHAPTER 12 Fiscal Policy A. Short-Answer, Essays, and Problems 1. Give a brief definition of fiscal policy? What are its economic goals? 2. What is the Council of Economic Advisers? 3. “The Employment Act of 1946 is no more than a vague and ill-defined commitment by the Federal government to assist in the achievement of full employment.” Do you agree? Explain. 4. Explain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy’s marginal propensity to...
    4,870 Words | 14 Pages
  • Bangladesh National Budget Analysis
    Letter of Transmittal: 12th August, 2012 Muhammad Enamul Haque Assistant Professor School of Business and Economics United International University Subject: Submission of the term paper on “Analysis of Bangladesh National Budget For the FY 2012-13” Sir, Here is the term paper on “Analysis of Bangladesh National Budget 2012-13”, which you have assigned us in order to get a clear understanding over Bangladesh National Budget for FY2012-13. We have tried our best to gather all kinds...
    16,920 Words | 47 Pages
  • Fiscal Policy In Thailand 1997 Financia
    Fiscal policy in Thailand 1997 Financial Crisis On July 2, 1997 Thai government had to devalue the Baht and started operating a managed float for the Baht exchange rate. The exchange rate went up from 25.09 in 1994 to 47.247 in 1997. Fiscal policy in Thailand could be classified into 2 sub-periods: before and after 1997 financial crisis. Prior to 1997, the government has shown consistent fiscal discipline in achieving primary surplus over 2.1 percent of GDP. However, after 1997, primary...
    209 Words | 1 Page
  • In Favor of Austerity - 453 Words
    In favor of Austerity My 3 arguments What is Austerity? In economics, it describes policies used by governments to reduce budget deficits during adverse economic conditions. Using tools such as: spending cuts, tax increases, or a mixture of the two. Austerity policies demonstrate governments' liquidity to their creditors and credit rating agencies by bringing fiscal income closer to expenditure. FREE LUNCH In a currency union you have to play by the rules. The only alternative to...
    453 Words | 2 Pages
  • Effects of Long-Term Deficit Spending
    The Effects of Long-term Deficit Spending ECO 203 Prof. Kristian Morales October 3, 2011 The Effects of Long-term Deficit Spending In times of hardship, economist Maynard Keynes noted that the federal government not only has a responsibility to help revive the economy, but is often the only solution when a recession grows deep enough. He argued that the basic problem of a severe recession is a lack of investment on the part of business despite low interest rates. The answer...
    1,687 Words | 5 Pages
  • Fiscal Policy of Bangladesh Regarding Sme
    Fiscal Policy of Bangladesh regarding SME Fiscal Policy generally refers to the use of TAXATION and government expenditure to regulate the aggregate level of economic activity in a country. Fiscal policy in Bangladesh basically comprises activities, which the country carries out to obtain and use resources to provide services while ensuring optimum efficiency of the economic units. The policy influences the behavior of economic forces through public finance. Major objectives of the...
    1,334 Words | 5 Pages
  • Why do institutions matter in determining the budget bottom line?
    Why do institutions matter in determining the budget bottom line? Managing government finance is about making good decisions and the role of the government in the economy is of a paramount importance for the society. It deals with the economic role of government, costing of government programs, public goods and decision-making concerning fiscal issues. Government does its jobs by implementing policy, legislation, regulation, programs, supply services and issue report. Actions taken by...
    1,057 Words | 3 Pages
  • China's Budget - 4743 Words
    China’s budgetary system Year III Finance and Banking Balea Calin Dobrovolschi Natalia 2012 Content Introduction………………………………………………………………..pg 3 Traditional Budget Accounting…………………………………...……… pg 3 1.Taxonomy of Chinese Accounting……..…………….......................... pg 3 1.1 The Domain of Budget Accounting……….…………...………... .pg 3 1.2 Chinese units……………………………………………………... pg 4 2. Public Financial Management Process……………………..……….. pg 4 Conventional...
    4,743 Words | 15 Pages
  • Direct Cash Transfer - 1519 Words
    DIRECT CASH TRANSFER (FERTILIZER SUBSIDY) RECOMMEND A MODEL FOR THE TRANSFER OF FERTILIZER SUBSIDY AND ANALYZE THE IMPACT AND REACH OF DIRECT TRANSFER MODEL. CHIRAYU GANDHI GAUTAM HARIHARAN MDI, Gurgaon Direct Cash Transfers 1. Introduction Direct Cash Transfers are direct payments of money to intended beneficiaries. It was created to improve the living conditions of marginalized sections of society by providing cash to buy necessities. The difference between market price and subsidized...
    1,519 Words | 7 Pages
  • Fiscal Deficit - 2573 Words
    Fiscal deficit In a system of indicative planning reliance, fiscal policy plays an instrumental role in the economy of any country. Planning Commission of India had pointed out in the Seventh Five Year Plan that, the “Fiscal policy has a multi-dimensional role” which “particularly aims at improving the growth performance of the economy and ensuring social justice to the people. However, when a fiscal policy is not used discreetly, it is likely to create a fiscal mess.....A fiscal imbalance...
    2,573 Words | 9 Pages
  • Fiscal Policy Paper - 1002 Words
     Fiscal Policy Paper Aileen Hui, Brian Halpern, Brittny Vizzi, Carla Workman, Benjamin Booher ECO 372 November 3, 2014 Alan Beideck Fiscal Policy Paper Taxpayers Our country’s budget deficits, surpluses and debt, affect every American and it is the government’s responsibility to set fiscal policies whose goals are to influence these situations by changing tax rates and government spending when necessary. Cuts and increases in government spending greatly impact American households who...
    1,002 Words | 3 Pages
  • The Effect That the Financial Crisis Has Had on the Global Economy.
    The effect that the financial crisis has had on the global economy. Financial crises ? Due to lack of liquidity in the financial institution causes recession or depression in the economy. The situation occurs in which the value of financial assets or institutions drops promptly. Financial crises always concord with a panic or run n the banks, in this situation investors sells off their all assets keeping in mind that their values will go down and they also withdraw money from their...
    1,935 Words | 5 Pages
  • expansionary fiscal oplicy - 494 Words
    Expansionary fiscal policy is a form of fiscal policy in which a decrease in taxes, and/or an increase in transfer payments are used to correct the problems of a business-cycle contraction. The goal of expansionary fiscal policy is to close a recessionary gap, stimulate the economy, and decrease the unemployment rate. I will now evaluate the view that expansionary Fiscal Policy is always beneficial to the UK’s macro-economic performance. One way expansionary fiscal policy can be beneficial to...
    494 Words | 2 Pages
  • Macroeconomics Tutorial Test - 1728 Words
    ECON1102 MACROECONOMICS Tutorial test No.2 Question 1. (i) Identify and briefly explain the main features of the business cycle. (2 marks) Business cycles are usually characterized by periods of transition from peak to trough and then from trough to peak. The peak of a business cycle is the high point of GDP prior to a downturn whereas a Trough is the low point economic activity prior to a recovery. The period in which the economy is moving from a peak to a trough is called a contraction...
    1,728 Words | 6 Pages
  • India: Fiscal Scenario: an Overview
    INDIA: FISCAL SCENARIO: AN OVERVIEW MANJIRA DASGUPTA As governments have assumed increasing fiscal responsibilities the world over, both government revenues and expenditures have multiplied manifold, calling into question concerns with sustainability and efficiency. Compulsions to combine the need for responsible governance and greater accountability have necessitated fiscal restraint on one hand and fulfillment of development objectives in particular in the developing country context. The...
    5,216 Words | 17 Pages
  • Profitability of the Nigerian Tax System
    Productivity Of The Nigerian Tax System: 1970–1990 Ademola Ariyo No RP_067, Research Papers from African Economic Research Consortium Abstract: Given the negative impact of persistent unsustainable fiscal deficits on the Nigerianeconomy, there is now a consensus among interested parties on the need to address the problem effectively. The literature suggests theree approaches for this purpose: increasein revenue, reduction in expenditure, or a continuation of both. An appraisal of the...
    298 Words | 1 Page
  • Case Analysis: Japan's Economic Malaise
     CLOSING CASE for week two Case Analysis: Japan's Economic Malaise Review the Japan's Economic Malaise Case Study at the end of Chapter 3 of the Hill text. Answer the five Case Discussion questions in a Word document and submit your responses to the Week 2 Course Dropbox. You will find at the end of chapter 3 starting on p.95 in our electronic e-Book in the classroom. Japan’s Economic Malaise In 1989 Japan was widely viewed as an economic super-power. After three decades of robust...
    1,756 Words | 5 Pages
  • Budget Deficit Definition and How It Affects the Economy
    How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods? A government’s budget deficit occurs when the amount of money going out exceeds the amount of money coming in and is defined as a shortfall of revenues under payment. For example say the amount of taxes being collected is $500,000 but the amount of government spending is $7000,000...
    350 Words | 1 Page
  • Study on Indian Government Debts and Deficits and Its Effect on the Growth Sustainability
    [pic] Study on government deficits and debts in India. How do government debt-deficit sustainability issues hinder India’s growth Abstract Emerging nation India has high hopes of becoming a developed nation. In recent time Indian economy is considered as the fastest growing economy hence there are certain drawbacks such as the government deficits, debts which hinder India from achieving their goal. Development of nation is based on several factors and its more important for every nation...
    4,361 Words | 15 Pages
  • Automatic Stabilizers - 465 Words
    AUTOMATIC STABILIZERS Taxes and transfer payments that stabilize GDP without requiring explicit actions by policymakers are called automatic stabilizers. Both government spending and tax revenues are very sensitive to the state of the economy. Because tax collections are based largely on individual and corporate income, tax revenues will fall sharply during a recession as national income falls. At the same time, government transfer payments for programs such as unemployment insurance and food...
    465 Words | 2 Pages
  • Fiscal Policy in the United States
    Fiscal policy is the process the government uses to determine the appropriate level of taxes and spending necessary to deal with recessions, inflation, and unemployment. This is accomplished by the government deliberately making changes "…in either government spending or taxes to stimulate or slow down the economy" (Colander, 2004, p. 583). The methods used to accomplish such are identified as expansionary fiscal policy and contractionary fiscal policy. Expansionary fiscal policy can be used to...
    1,020 Words | 3 Pages
  • Fiscal Policy - 884 Words
    Topic 4 – Fiscal Policy Refers to the governments choices regarding the overall level of government purchases or taxes Government spending – on health sector, education, infrastructure, defence. Taxation policy – income tax, sales tax (VAT), corporate tax, capital gains tax. Fiscal policy and aggregate demand Government spending – increase in G spending → AD shifting right e.g. Gov places £10 billion order for new school buildings → building contractor has increased demand for...
    884 Words | 4 Pages
  • What is Fiscal Policy?
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