Public Finance Archives

What do you mean by ‘fiscal imbalance?’ Which measures would you like to suggest to correct the fiscal imbalances?

Introduction Fiscal imbalance refers to a situation where a government’s revenue generation falls short of its expenditures. In other words, it is a mismatch between the income and spending of the government, leading to fiscal deficits and increasing public debt. Fiscal imbalance can occur at both the central and state levels, and if not addressed, […]

What do you mean by ‘fiscal imbalance?’ Which measures would you like to suggest to correct the fiscal imbalances? Read More »

Write a note on important Approaches to Budgeting.

Introduction Budgeting is a critical component of public financial management. It involves planning and allocating financial resources for different programs and activities of the government. Over time, various approaches to budgeting have evolved, each offering unique methods and benefits. Understanding these approaches helps in managing public funds efficiently and transparently. What is Budgeting? Budgeting is