Budget Archives - IGNOU CORNER

What is fiscal deficit? Explain the various ways through which fiscal deficit is financed.

Introduction Fiscal deficit is a key macroeconomic indicator that reflects the financial health of a government. It occurs when the government’s total expenditure exceeds its total revenue, excluding borrowings. Understanding the fiscal deficit and its financing mechanisms is crucial for analyzing public finance sustainability and its implications on the economy. What is Fiscal Deficit? Fiscal […]

What is fiscal deficit? Explain the various ways through which fiscal deficit is financed. Read More »

Why is the budget referred to as the financial barometer of the firm?

Introduction A budget is a detailed financial plan that outlines expected income and expenses over a specific period. It acts as a guide for managing financial resources and achieving business goals. In the business context, a budget is often referred to as the financial barometer of a firm because it measures financial performance and helps