Fiscal Decipline

Objectives and Instruments of Fiscal Policy

December 2, 2015

The word fiscal comes from a French word Fisc, which means treasure of Government. All the taxation and expenditure decisions of the government comprise the Fiscal Policy. Fiscal Policy is different from monetary policy in the sense that monetary policy deals with the supply of money and...

Principles of Budgeting

November 23, 2015

There are a few principles followed in budget preparation exercise. These are as follows: Principle of Annuality This implies that a budget is prepared every year on annual basis. One year is considered ideal period for budget because it’s an optimum period for which the legislature can...