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  • Vision 2020

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    Raushan Kumar
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    Fiscal policy refers to the government's program of changing spending, taxes, and borrowing to achieve economic goals like growth, employment, income equality, and economic stabilization. A narrow view of fiscal policy only considers current revenue and expenditures, while a broader view also includes capital revenue and expenditures. Monetary policy is the program of a central bank to control and regulate the supply of money and flow of credit in order to achieve macroeconomic goals such as growth, employment, and price stability. Factors that influence monetary policy include the level of monetization in the economy and the development of financial markets.

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    vision 2020

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    Fiscal policy refers to the government's program of changing spending, taxes, and borrowing to achieve economic goals like growth, employment, income equality, and economic stabilization. A narrow view of fiscal policy only considers current revenue and expenditures, while a broader view also includes capital revenue and expenditures. Monetary policy is the program of a central bank to control and regulate the supply of money and flow of credit in order to achieve macroeconomic goals such as growth, employment, and price stability. Factors that influence monetary policy include the level of monetization in the economy and the development of financial markets.

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    13 views9 pages

    Vision 2020

    Uploaded by

    Raushan Kumar
    Fiscal policy refers to the government's program of changing spending, taxes, and borrowing to achieve economic goals like growth, employment, income equality, and economic stabilization. A narrow view of fiscal policy only considers current revenue and expenditures, while a broader view also includes capital revenue and expenditures. Monetary policy is the program of a central bank to control and regulate the supply of money and flow of credit in order to achieve macroeconomic goals such as growth, employment, and price stability. Factors that influence monetary policy include the level of monetization in the economy and the development of financial markets.

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    of 9

    By: RAUSHAN

     The word “fisc” means “state treasury”.


     Govt. ‘s program of changing pattern & level
    of it’s exp., tax, borrowing to achieve eco.
    Growth, employment, income equality,
    stabilization of economy while growth.
     A narrow concept of fiscal policy is budgetary
    policy---current (rev.+exp.)
     Fiscal policy----current+capital (rev.+exp.)
     Program of action by monetary authorities i.e.
    central bank for controlling and regulating
    supply of money & flow of credit to achieve
    macro eco. goals.
     Obj. of monetary policy :--growth,
    employment, price stability, foreign exchange.
     Factors of monetary policy:--
    1. level of monetization of economy
    2. dev. of financial (cap.) market

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