The table shows the various receipts and expenditure of the government which implies that the revenue earned through tax or non tax sources are growing year after year.
Receipts And Expenditure Of
The Government Of India
The table shows the various
receipts and expenditure of the government which implies that the revenue
earned through tax or non tax sources are growing year after year. It is
estimated to have more revenue deficit. The revenue deficits are lesser than
the fiscal deficit of the country. The detailed schedule with the percentage
change is discussed in the table. It is concluded that both
monetary and fiscal policies are complementary. The monetary policy influences
the money supply, currency and deposits in banks and the cost of borrowing it.
Fiscal policy is concerned with money which flows in and out of the treasury by
means of taxation, public borrowings, government expenditures and management of
public debt. There fore without coordination of both the policies, in
developing economy the desired objectives cannot be realized.
Tags : Managerial Economics - Fiscal Policy
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