Presentationon Fiscal Policy<br />SAIRAM<br />
FISCAL POLICY – is a policy <br />under which government<br /> uses it’s expenditure and<br /> revenue programs to produce...
Objectives of Fiscal Policy<br /><ul><li>  Development of Country
  Economic Development & Growth
 Reduction of Disparities of Income
 Expansion of Employment
 Price Stability</li></li></ul><li>
INCOME<br />It refers to the income or           receipts from public <br />TAX REVENUE<br />House Tax<br />Entertainment ...
INCOME<br />It refers to the income or           receipts from public <br />NON - TAX REVENUE<br />Fees<br />License Fees<...
EXPENDITURE<br />It refers to the expenditure incurred by the government<br />Two major categories: <br />                ...
EXPENDITURE<br />Development Expenditure<br /><ul><li>Development of Public Enterprise
Development of Infrastructure
Social Welfare</li></li></ul><li>EXPENDITURE<br />Non - Development Expenditure<br />Unproductive expenditures are <br />	...
PUBLIC DEBT<br />Everyone borrows when we spend more money than we have.<br /> Expenditure - National income = Deficit<br ...
Upcoming SlideShare
Loading in …5
×

Fiscal Policy

2,184 views
2,129 views

Published on

Published in: Business, Technology
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
2,184
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
215
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Fiscal Policy

  1. 1. Presentationon Fiscal Policy<br />SAIRAM<br />
  2. 2. FISCAL POLICY – is a policy <br />under which government<br /> uses it’s expenditure and<br /> revenue programs to produce <br />desirable effects and avoid<br /> undesirable effects on <br />national income, <br />production and<br /> employment.<br />Arthur Smithies<br />Late Economist at Harvard<br />
  3. 3. Objectives of Fiscal Policy<br /><ul><li> Development of Country
  4. 4. Economic Development & Growth
  5. 5. Reduction of Disparities of Income
  6. 6. Expansion of Employment
  7. 7. Price Stability</li></li></ul><li>
  8. 8. INCOME<br />It refers to the income or receipts from public <br />TAX REVENUE<br />House Tax<br />Entertainment Tax<br />Road Tax<br />Wealth Tax<br />Sales Tax<br />Value Added Tax<br />Personal Income Tax<br />Corporate Tax<br />Service Tax<br />Excise Duties<br />Custom Duties<br />Toll Tax<br />
  9. 9. INCOME<br />It refers to the income or receipts from public <br />NON - TAX REVENUE<br />Fees<br />License Fees<br />Price of public goods & services<br />Fines<br />Penalties<br />
  10. 10. EXPENDITURE<br />It refers to the expenditure incurred by the government<br />Two major categories: <br /> Development expenditure <br /> Non development expenditure<br />
  11. 11. EXPENDITURE<br />Development Expenditure<br /><ul><li>Development of Public Enterprise
  12. 12. Development of Infrastructure
  13. 13. Social Welfare</li></li></ul><li>EXPENDITURE<br />Non - Development Expenditure<br />Unproductive expenditures are <br /> termed as non development expenditures.<br />
  14. 14. PUBLIC DEBT<br />Everyone borrows when we spend more money than we have.<br /> Expenditure - National income = Deficit<br /> Deficit1 + Deficit2 + Deficit3 +......= Public debt<br /> This Public debt can be drawn internally or externally.<br />
  15. 15. Types of Fiscal Policy policy<br />Non-Discretionary FP<br />(Automatic Stabilizer)<br />Discretionary FP<br />(Deliberate Stabilizer)<br />Expansionary FP<br />For Recession<br />Contractionary FP<br />For Inflation<br />
  16. 16. Contractionary Fiscal Policy<br />During Inflation Emergency<br />Reduction in government expanse<br />Increase in Taxes<br />Not using Surplus Fund<br />Retiring Public Debt<br />
  17. 17. Expansionary Fiscal Policy<br />During Recession Emergency<br />Increase in Government Expanse<br />By Borrowing<br />By Creating New Money<br />Reduction in Taxes<br />
  18. 18. THANKING YOU<br />MUTHUKUMAR DURAIRAJAN<br />SIVAKUMAR RAMAMOORTHY<br />

×