Fiscal Policy

Public finance is the science

Public finance is the science of income and expenditure of the government. It deals with public revenue, public expenditure, public debt, budgetary po

Fiscal policy is a policy concerned

Fiscal policy is a policy concerned with the effects of public expenditure, taxation, and public borrowing on income, output, and employment. It is a

The main objectives are price stability

The main objectives are price stability, full employment, economic growth, and reduction of inequality. Keynesian economics gave special importance to

Public revenue is the income

Public revenue is the income of the government from tax revenue and non-tax revenue. Tax revenue includes sales tax, income tax, excise duty, and cust

In direct taxes

In direct taxes, the impact and incidence fall on the same person, so the burden cannot be shifted. Income tax and property tax are examples. In indir