C h a p t e lir inan e in ndia
The way the modern governments manage all money they get–the public
money–is the subject matter of public finance. The policy stance taken in this
regard is declared annually by the governments via their ‘fiscal policy’ popularly
known as the Budget.*
In This Chapter...
Introduction Types of Budgets
Budget Cut Motion
Deficit Financing Trilemmas
Fiscal Policy Treasury Computerisation
Indian Fiscal Situation: A Summary Direct Benefit Transfer
Limiting Government Expenditure Expenditure Management Commission
Fiscal Consolidation in India Need of Public Investment
Zero-Base Budgeting Current Fiscal Situation
* See Amaresh Bagchi (ed.), Readings in Public Finance (New Delhi: Oxford University Press, 2005). Also see Paul A. Samuelson
and William D. Nordhaus, Economics, (New Delhi: The McGraw-Hill Company, 2005) 412-711.
Walsh, Economics, (New York: W. W. Norton, 2006) pp. 695–697.