Budget 2012 - Talk by Amal Dhru
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This document summarizes key aspects of the Indian Union Budget, including its format, expenditures, revenues, deficits, and economic indicators. It provides an overview of the budget process and expectations. It also analyzes strengths, weaknesses, opportunities and threats related to the Indian economy and offers suggestions to make the budget more impactful, such as focusing on outcomes over expenditures and prioritizing education, infrastructure, and reducing corruption.
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Fiscal and Monetary Policy are an important tool for growth of any country. Here we have focused on these policies with respect to India over last decade. We have tried to focus on the functioning of these policies, their impact on growth and development of Economy by taking in perspective of human development. We also found the instances when both of these policies were in tandem and when they were not. The presentation also takes into consideration the impacts of Global Crisis on India which occurred in 2008-2009.
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- Declining labor force participation, retiring baby boomers, technology advances, and globalization are long-term factors impacting the job market.
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,
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,
equitable distribution of income and wealth:
,
full employment
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to encourage investment
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economic stability:
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- The Federal Reserve implemented several quantitative easing programs aimed at stimulating growth by lowering interest rates and increasing liquidity, but these have had limited success in spurring lending and investment.
- Continued policy uncertainty around taxes, regulations, healthcare, and the European fiscal crisis have contributed to risk aversion among businesses and investors, limiting hiring and capital expenditures. The economic outlook for 2012 remains tepid.
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.........
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equitable distribution of income and wealth:
,
full employment
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to encourage investment
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economic stability:
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- The Federal Reserve implemented several quantitative easing programs aimed at stimulating growth by lowering interest rates and increasing liquidity, but these have had limited success in spurring lending and investment.
- Continued policy uncertainty around taxes, regulations, healthcare, and the European fiscal crisis have contributed to risk aversion among businesses and investors, limiting hiring and capital expenditures. The economic outlook for 2012 remains tepid.
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Running Head BUDGET AND PUBLIC FINANCEBUDGET AND PUBLIC F.docx
Running Head: BUDGET AND PUBLIC FINANCE
BUDGET AND PUBLIC FINANCE
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BUDGET AND PUBLIC FINANCE.
Finance and budgeting are essential to public administration since it involves spending and transparently allocating public dollars. Managing funds mostly involves budgeting and understanding public reaction (Simon, H. A., Smithburg, D. W., & Thompson, 2017). Financial resource availability shapes many of the outcomes that matter to public administration including the effectiveness of public service, undertaking management reforms, performance implications and decisions to pursue. In 1988, the chamber of deputies changed the procedures regulating the budget session to control the formation of public needs.
The current financial crisis of our world today has forced organizations to cut budgets, reset priorities, restructure services and assume new financial responsibilities. This reminds us of the centrality of financial resources management to the public service. Budgets help in laying a foundation for the achievement of goals. When we focus on public finance, political, economic, legal and administrative aspects of public finance are examined.
Budgeting is not an easy process as it may seem and it involves many things. Many issues are involved when it comes to budgeting and public finance. Each budgetary decision made impacts various parts of a community that mainly depend on the government. For instance, looking at the day today ever-rising population, limited resources are a major factor when budgeting due to the large percentage of people existing in a world that has limited resources not enough to sustain them all.
Communication has also become an issue when we consider budgets. Just as many people say, communication is the key to success. For continuity to take place, communication must be considered. When we look at our world most communication mostly takes place through online services which mostly involves lies and corrupt activities. This hinders the budget and public finance process since almost everything relies on new technology.
Change of culture has also become a hindrance when we look at the differences between then old and new centuries since this century involves a lot of things. Infrastructure comes in since dealing with infrastructure and finding the way to invest in it with revenues that are not growing at the same rate as costs are hard.
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This 3 sentence summary provides the high level information from the document:
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A study on Budget deficit AND Its impact on the economy of Bangladesh
Government budget deficit is the difference between government revenues and expenditures. Government has different sources of revenues. Major portion of government revenues comes from direct and indirect taxes. Direct taxes come from income and profits of individuals and institutions and indirect taxes come from import duty, supplementary duty and value added tax. It can be put in different way. Direct taxes are the part of economic revenues and incomes of individuals and institutions and indirect taxes are the part of economic transactions in the form of buy, sale, export and import transactions. If government wants accelerate its revenues to meet the growing public expenditures and to reduce the budget deficit without reducing the expenditures of different influential sectors, much efforts should be made to increase economic revenues and income as well as the economic transactions so that the government revenues can meet the growing demand of the economy with the increase in revenues from income tax, import duty, supplementary duty and value added tax. In this regard the concentration of the report is on the management of deficit budget to minimize bad effects and maximize the utilization of funds. Having budget deficit is not a problem at all. The problems lie with the government inefficiency in the management of budget deficit. The evaluation of different reasons behind deficit budget and the evaluation of different bad effects of deficit budget are two crucial parts of our discussion. The impact of budget deficit on the different sectors of the economy is addressed here with relevant information. It is further concentration point of the report to find ways to improve the management performance of the government to achieve different macroeconomic goals with the help of expansion of economic revenues and transactions. The government revenues increase with the increase in economic revenues and economic transactions. The key point of our discussion is government should not decrease the public expenditures as the population is growing. The expenditures on different public sectors have to be increased as the population is growing. But budget deficit should not grow to meet the expenditures as budget deficit has some associated problems with it. For this reason government has to concentrate on accelerating the revenue collection rapidly with the expansion of economic revenues and economic transactions. For this reason government should try to integrate different policies to achieve key macroeconomic goals.
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This PPT will help the students and the fellow Collegues understand the concept of BUDGET and Specificly in context to Haryana.
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This document is the budget speech for 2013-14 presented by the Finance Minister of India, P. Chidambaram. In the speech, he acknowledges the economic challenges facing India due to global slowdown but expresses confidence that India can return to high growth. He outlines the government's goals of higher, inclusive and sustainable development. He proposes budgetary allocations to priority areas like rural development, health, education, SC/ST welfare, with increased funding for flagship programs. The speech focuses on creating opportunities for youth through education, skills and jobs to boost incomes and standards of living across India.
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APPLICATION OF MEDIUM TERM EXPENDITURE FRAMEWORK- A CASE STUDY OF TAMIL NADU
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The budget making process and monitoring lecture kmtc
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【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
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6:个人职称评审加20分
7:个人信誉贷款加10分
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我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
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- 1. Amal Dhru F. C. A., M. B. A.(IIMA) Gujarat Vishvakosh Trust 22 nd February, 2012 How to READ a Budget? Andajpatra nee AantiGhunti
- 4. In Crore fo Rupees 2009-2010 2010-2011 2010-2011 2011-2012 Actual Budget Estimates Revised Estimates Budget Estimates 1. Revenue Receipts 572811 682212 783833 789892 2. Tax Revenue 456536 534094 563685 664457 (net to Centre) 3. Non-tax Revenue 116275 148118 220148 125435 4. Capital Receipts (5+6+7) 451676 426537 432743 467837 5. Recoveries of Loans 8613 5129 9001 15020 6. Other Receipts 24581 40000 22744 40000 7. Borrowings and other Liabilities 418482 381408 400998 412817 8. Total Receipts (1+4) 1024487 1108749 1216576 1257729 9. Non-plan Expenditure 721096 735657 821552 816182 10. On Revenue Account of which, 57925 643599 726749 733558 11. Interest Payments 213093 248664 240757 267986 12. On Capital Account 63171 92058 94803 82624 13. Plan Expenditure 303391 373092 395024 441547 14. On Revenue Account 253884 315125 326928 363604 15. On Capital Account 49507 57967 68096 77943 16. Total Expenditure (9+13) 1024487 1108749 1216576 1257729
- 5. GDP for BE 2011-2012 has been projected at Rs. 8980860 crore assuming 14% growth over the advance estimate of 2010-2011 (Rs. 7877947 crore) released by CSO. 17. Revenue Expenditure (10+14) 911809 958724 1053677 1097162 18. On which, Grant for creation of Capital Assets 31317 90792 146853 19. Capital Expenditure (12+15) 112678 150025 162899 160567 20. Revenue Deficit (17-1) 338998 276512 269844 307270 (5.2) (4.0) (3.4) (3.4) 21. Effective Revenue Deficit (17-18) 245195 179052 160417 (3.5) (2.3) (1.8) 22. Fiscal Deficit {16-(1+5+6)} 418482 381408 400998 412817 (6.4) (5.5) (5.1) (4.6) 23. Primary Deficit (20-11) 205389 132744 160241 144831 (3.1) (1.9) (2.0) (1.6)
- 20. Amal Datt & Associates E-mail Id: - [email_address] , [email_address] This presentation is also available on www. financefundas.com, www.amaldatt.com Copyrights: Amal Dhru Thank You!