Republic of the Philippines BULACAN STATE UNIVERSITY City of Malolos‚ Bulacan PHILIPPINE EXPENDITURE PATTERN A Report Submitted to DR. LUIS M. LANSANG Professor In partial fulfillment of the requirements for the course Public Fiscal Administration by: Ronald Reagan T. Alonzo MPA Student July 27‚ 2013 1st Trimester‚ AY 2013-2014 TABLE OF CONTENTS I. | Introduction ……………………………………………………………………… | 3 | II. | Objective of the Study …………………………………………………………… | 4 |
Free Tax Public finance
Fiscal Policy as an Economic Stabilization Measure Fiscal Policy refers to the various decisions undertaken by the government regarding public expenditures and revenue. Fiscal Policy is a direct government intervention in the economic processes of an economy. All the sub fiscal policies can be broadly categorized as being either ‘Public Expenditure’ or ‘Public Revenue’. The fiscal policy’s sub-policies are: The Taxation structure – through this fiscal tool the government is able
Premium Keynesian economics Public finance Macroeconomics
THE USE OF FISCAL INSTRUMENTS IN SUSTAINABLE BUILDING POLICIES M.M. Sunikka1 Abstract Although progressive government guidelines and knowledge about sustainable building exist‚ sustainability measures are not adopted in large scale. Several barriers have been identified‚ especially the perceived costs of implementing environmental management and the lack of market demand. The choice of fiscal instruments is an important issue in sustainable building policies. This paper presents an analysis
Premium European Union Sustainability
Topic 4 – Fiscal Policy Refers to the governments choices regarding the overall level of government purchases or taxes Government spending – on health sector‚ education‚ infrastructure‚ defence. Taxation policy – income tax‚ sales tax (VAT)‚ corporate tax‚ capital gains tax. Fiscal policy and aggregate demand Government spending – increase in G spending → AD shifting right e.g. Gov places £10 billion order for new school buildings → building contractor has increased demand for output
Premium Public finance Tax Monetary policy
<li>Policy that uses taxation and government spending to steer the economy. <br> <br>Fiscal policy describes two governmental actions by the government. The first is taxation. By levying taxes the government receives revenue from the populace. Taxes come in many varieties and serve different specific purposes‚ but the key concept is that taxation is a transfer of assets from the people to the government. The second action is government spending. This may take the form of wages to government employees
Free Great Depression Keynesian economics John Maynard Keynes
“Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012‚ when the terms of the Budget Control Act of 2011 are scheduled to go into effect. Three hours before the midnight deadline on January 1‚ the Senate agreed to a deal to avert the fiscal cliff. The Senate version passed two hours after the deadline‚ and the House of Representatives approved the deal 21 hours later. The government technically went "over the cliff‚" since
Premium Taxation in the United States Federal government of the United States Tax
FISCAL MANAGEMENT By: Ruth Ann L. Musngi When I first came across the topic of Fiscal Management and read the outline of the course‚ I realized that effective and efficient fiscal management is tantamount to good economic governance. Good governance is considered to synonymous with sound development management (Bertucci‚ 2000). As discussed‚ an effective and efficient financial management would include thorough and advance planning in order to develop budgets and to guide expenditures
Premium Governance Finance
Fiscal Policy ECO/372 Fiscal Policy In the current economic recession‚ the United States’ fiscal policy has placed unrest and instability among the population. The positive and negative outcomes of the fiscal policy‚ with regard to the country’s deficit‚ surplus‚ and debt‚ have different effects on how many different people and organizations view the current economy‚ make decisions‚ and react to changes. The Unites States’ deficit‚ surplus‚ and debt affect not just the American
Premium United States Money Government debt
In economics‚ fiscal policy is the use of government expenditure and revenue collection (taxation) to influence the economy.[1] Fiscal policy can be contrasted with the other main type of macroeconomic policy‚ monetary policy‚ which attempts to stabilize the economy by controlling interest rates and the money supply. The two main instruments of fiscal policy are government expenditure and taxation. Changes in the level and composition of taxation and government spending can impact on the following
Premium Keynesian economics Inflation Public finance
Definition of ’Fiscal Policy’ Government spending policies that influence macroeconomic conditions. Through fiscal policy‚ regulators attempt to improve unemployment rates‚ control inflation‚ stabilize business cycles and influence interest rates in an effort to control the economy. Fiscal policy is largely based on the ideas of British economist John Maynard Keynes (1883–1946)‚ who believed governments could change economic performance by adjusting tax rates and government spending. http://www
Free Great Depression Keynesian economics John Maynard Keynes