Fiscal Policy and Excise Duties

2. MUHAMMAD BILAL
15-UGLC-131
Fiscal Policy And Excise Duties

3. Fiscal Policy
 Means by which a government adjusts its spending levels
and tax rates to monitor and influence a nation's economy.

4. Types of Fiscal Policy
1) Expansionary fiscal policy,
2) Contractionary fiscal policy

5. Types of Fiscal Policy
1) Expansionary fiscal policy,
It entails the government spending more money,
lowering taxes, or both. The goal is to put more money
in the hands of consumers so they spend more and
stimulate the economy.

6. Types of Fiscal Policy
2) Contractionary fiscal policy
The opposite of expansionary fiscal policy,
contractionary fiscal policy raises taxes and cuts
spending.

8. Taxes
Types of Taxes:
Direct Taxes
Indirect taxes

9. Direct Taxes
A direct tax is paid directly by an
individual or organization to an
imposing entity. A taxpayer, for
example, pays direct taxes to the
government.

10. Types of direct taxes
Income tax (20%)
Property tax
Corporate tax (33%)
Wealth tax

11. Indirect taxes
A tax levied on goods and services
rather than on income or profits.

12. Types of indirect taxes
Sales tax
Custom duty tax
Excise duty

13. Non tax revenue
Income form property
Profit from post office and telegram
Trading profit

14. WHAT IS EXCISE DUTY?
 An excise duty is a type of tax charged
on goods produced within the country
(as opposed to customs duties, charged
on goods from outside the country)