Fiscal system is concerned with management of government finances, assessment of the financial requirements of the government, modalities of raising revenue and, finally, with the scale and pattern of government expenditure. Fiscal Policy refers to the deliberate use of government budgets in the form of changes in revenue and expenditure to achieve desired macroeconomic goals. The government budget is an [...]
In this article we will discuss about the role of fiscal policy in controlling cyclical fluctuations in economic activity. A positive fiscal policy refers to the process by which taxation and public expenditure programmes are so shaped as: (1) To control or reduce the degree of business cycle fluctuations, and (2) To contribute towards the maintenance of a growing, high [...]
In this article we will discuss about the Indian fiscal policy:- 1. Introduction to the Indian Fiscal Policy 2. Changes in the Indian Fiscal Policy after World War I 3. The Policy of Discriminating Protection 4. Working of the Indian Fiscal Policy 5. Achievements of the Indian Fiscal Policy of Discriminating Protection 6. Fiscal Policy during World War II 7. [...]