3. Fiscal Policy
Definition – Fiscal policy is the government spending
and taxation that influences the Economics .
By Kimberly Amadeo
It refer to the policy of the government related to the
public revenue , public Expenditure and pubic Dept .
Important Instrument that handles of the government
to achieve their goal .
Various fiscal instrument namely expenditure
6. Public Finance
Public finance is the study of the role of the government in the economy. It
is the branch of economics which assesses the government revenue and
government expenditure of the public authorities and the adjustment of one
or the other to achieve desirable effects and avoid undesirable ones.
Public Finance Management (PFM) basically deals with all aspects of resource
mobilization and expenditure management in government. Just as managing
finances is a critical function of management in any organization, similarly
public finance management is an essential part of the governance process.
Public finance management includes resource mobilization, prioritization of
programmer, the budgetary process, efficient management of resources and
exercising controls. Rising aspirations of people are placing more demands on
financial resources