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Fiscal Policy

Fiscal Policy

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Published by imad rehman
The most important instrument of government intervention in the country is that of Fiscal or Budgetary policy. Fiscal policy refers to the taxation, expenditure and borrowing by the government. The economists now hold the government intervention through Fiscal policy is essential in the matter of overcoming recession or inflation as well as of promoting and accelerating economic growth, which monetary policy will not hold alone. There is no doubt that the government budgetary or fiscal policy must be sound, keeping in view the needs and requirements of a developing economy.
In short we can say that, it is a part of government policy, which is concerned with raising revenue through taxation and other means and deciding on the level and pattern of expenditure.
The main problem faced by the capitalist economies instability prevailing in them. This instability is reflected in the periodic occurrence of trade cycles, which are a general phenomenon in the free market capitalist economies. During a recession or depression fiscal policy should help in increasing demand.
The most important instrument of government intervention in the country is that of Fiscal or Budgetary policy. Fiscal policy refers to the taxation, expenditure and borrowing by the government. The economists now hold the government intervention through Fiscal policy is essential in the matter of overcoming recession or inflation as well as of promoting and accelerating economic growth, which monetary policy will not hold alone. There is no doubt that the government budgetary or fiscal policy must be sound, keeping in view the needs and requirements of a developing economy.
In short we can say that, it is a part of government policy, which is concerned with raising revenue through taxation and other means and deciding on the level and pattern of expenditure.
The main problem faced by the capitalist economies instability prevailing in them. This instability is reflected in the periodic occurrence of trade cycles, which are a general phenomenon in the free market capitalist economies. During a recession or depression fiscal policy should help in increasing demand.

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Published by: imad rehman on Feb 22, 2011
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04/14/2011

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FISCAL POLICY 
Submitted By:
 Name Roll No
Jinal Chheda 16Archana Ingrulkar 30Sunita Pakhare 35Submitted To: Ms.Sudha P.Batch: GLC – HR Institute of Technology and Management,Kharghar, Navi Mumbai,September, 2007
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ACKNOWLEDGEMENT
We forward a great thanks to our faculty of economics Ms.Sudha for assigning us this project to us. It has helped us greatly in broadening our mind & knowledge in the subject. We also thank our library staff fo providing with the required data. We look forward for the same support inthe future from all of them.
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