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    Fiscal Policy: Fiscal Policy Is The Policy Concerning The Revenue Achieving Certain Objectives Like Control of

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    Amn Deep
    Fiscal policy involves a government's revenue, expenditure, and debt actions to influence economic outcomes like inflation. Its objectives include full employment, price stability, and reducing inequality. Tools include taxation, government expenditure, public debt, and deficit financing. Advantages are capital formation, mobilizing resources, incentives, and poverty alleviation. Drawbacks include lack of elasticity, inadequate statistics, and inflation. Suggested reforms are improving tax administration, reducing subsidies, privatizing sectors, and checking black money.

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    Fiscal Policy: Fiscal Policy Is The Policy Concerning The Revenue Achieving Certain Objectives Like Control of

    Uploaded by

    Amn Deep
    4 views6 pages
    Fiscal policy involves a government's revenue, expenditure, and debt actions to influence economic outcomes like inflation. Its objectives include full employment, price stability, and reducing inequality. Tools include taxation, government expenditure, public debt, and deficit financing. Advantages are capital formation, mobilizing resources, incentives, and poverty alleviation. Drawbacks include lack of elasticity, inadequate statistics, and inflation. Suggested reforms are improving tax administration, reducing subsidies, privatizing sectors, and checking black money.

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    fiscal

    Original Title

    Fiscal Policy

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    Fiscal policy involves a government's revenue, expenditure, and debt actions to influence economic outcomes like inflation. Its objectives include full employment, price stability, and reducing inequality. Tools include taxation, government expenditure, public debt, and deficit financing. Advantages are capital formation, mobilizing resources, incentives, and poverty alleviation. Drawbacks include lack of elasticity, inadequate statistics, and inflation. Suggested reforms are improving tax administration, reducing subsidies, privatizing sectors, and checking black money.

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    © All Rights Reserved
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    4 views6 pages

    Fiscal Policy: Fiscal Policy Is The Policy Concerning The Revenue Achieving Certain Objectives Like Control of

    Uploaded by

    Amn Deep
    Fiscal policy involves a government's revenue, expenditure, and debt actions to influence economic outcomes like inflation. Its objectives include full employment, price stability, and reducing inequality. Tools include taxation, government expenditure, public debt, and deficit financing. Advantages are capital formation, mobilizing resources, incentives, and poverty alleviation. Drawbacks include lack of elasticity, inadequate statistics, and inflation. Suggested reforms are improving tax administration, reducing subsidies, privatizing sectors, and checking black money.

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    of 6

    Fiscal Policy

    Fiscal Policy is the policy concerning the revenue


    expenditure and debt of the government for
    achieving certain objectives like control of
    inflation, public expenditure.
    Inflation

    Tax T.E

    Deflation
    Ta
    x T.E
    Objectives of Fiscal Policy
    Full Employment

    Price Stability

    Reduction in economic inequality

    Economic development
    Methods or Tools of fiscal
    Policy
    Taxation Policy

    Government Expenditure

    Public Debt Policy

    Deficit Financing
    Advantages of Fiscal
    Policy
    Capital formation
    Resource Mobilization
    Incentives to Private Sector
    Encourages savings
    Poverty Alleviation and Employment
    Generation
    Reduction in Inequality of Income and Wealth
    Export Promotion
    Drawbacks of fiscal Policy
    1. Lack of elasticity
    2. Non- Monetized Sector
    3. Inadequate Statistics
    4. Illiteracy
    5. Limited Sector
    6. Delay in Decisions
    7. Limitations regarding full employment
    8. Defective Tax structure
    9. Inflation
    10. Huge investment with negative Return in Public
    Sector
    Suggestions for Reforms in
    fiscal policy in India
    Improving tax Administration to raise Larger
    Revenue
    Reducing Subsidies
    Downsizing of government
    Privatization
    Reprioritize plan schemes
    Agricultural taxation
    Reduction of non- development expenditure
    Progressive tax structure
    Public Sector Performance to be Improved
    Check on Black Money

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