FISCAL POLICY AND MEASURES TO REDUCE FISCAL DEFICIT TO MANAGEABLE LIMITS Fiscal Responsibility - the Debate 1. There is‚ by definition‚ a tension between fiscal restraint and finding resources for all the expenditure needs of the government. Where this line is drawn and how this tension is managed is the stuff of much economic analysis as well as ideological debate. The Fiscal Responsibility and Budget Management (FRBM) Act mandates the Centre to have reduced fiscal deficit to 3% of GDP and
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Year round education (YRE) is implemented in 436 U.S. school districts with very few complaints. In fact‚ school districts that have been participating in YRE and extended school days (ESD) are raving about the benefits in pupil’s achievement level‚ their new found enthusiasm in learning‚ as well as the many programs that exist in the extended day promoting the decline in latch key children. Some schools decided to initiate YRE and ESD because of swelling enrollments and lack of student achievement
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(2013) outline the two dominant fiscal tools that accomplish a reduction in the government deficit in the short run: increasing taxes and decreasing government spending. Such manipulation of fiscal policy is called fiscal consolidation. In conjunction with this question‚ the behavioral equations dictate that the endogenous variables in this closed economy are consumption‚ disposable income and investment. This essay will analyse and evaluate the effects of each fiscal tool on all endogenous macroeconomic
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largest democracy with federal form of government. The fiscal arrangements in India have evolved in a quasi-federal system to meet the requirements of centralized planning in a mixed economy structure and their sources of revenue for both Centre and State were clearly demarcated with regard to the financial relationship and the responsibilities between them. Our constitution provides residual powers to the Centre and makes clear division of fiscal powers between the Centre and the State Governments
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of the economy The Monetary Sector The Public Sector Macroeconomic Theories Inflation Unemployment Economic growth and development The foreign sector THE PUBLIC SECTOR: STUDY UNIT 4 What are Your Views on Fiscal Policy and How Fiscal Policy Affects You? Roles of Government in a mixed economy 1. Establishing and enforcing rules of exchange such as Property rights‚ Contract law 2. Promoting competition/prevent anticompetitive practices 3. Regulating natural
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financial year‚ the budget (2009-10) has a fiscal deficit of 6.8 per cent of the GDP (and this does not include the fiscal deficit of the states). The fiscal deficit will be financed mainly by market borrowings of nearly Rs.400‚000 cr. There have been concerns about the high fiscal deficit. The IMF‚ while praising India’s ability to face the global crisis‚ has warned that India’s debt as a percentage of GDP was too high and‚ therefore‚ a sharp rise in the deficit could raise concerns about fiscal sustainability
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Background Americas debt has been growing dramatically for years. The result of this tremendous growth is making the U.S. be dependent on foreign countries‚ like China‚ and is making our country’s credit rating lower with a result such as the value of bonds. These bonds are used to finance government operations and increase interest rates. The challenge is this: to balance the budget in a way that helps economic recovery and restructures government expenditures. Towards the end of Clintons
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hould students go to school year round? Most year around school go to school for nine weeks and have three week breaks in between. Instead of one long break‚ they get several throughout the year. Students should go to year around school because the students will not lose the material they learned‚ teachers get more time to teach the lessons and many students will do better in school. First‚ students should go to year around school so they will not lose the material they have learned. Students spend
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should be year round because the current public school schedule is out dated. Plus‚ the teachers would be able to fit more curriculum into their school year. Also‚ students would get short and more frequent breaks. The traditional schedule for school is outdated because in the old days‚ it allowed for children to help harvest crops during the summer. Now‚ the long summer just enables kids to be lazy and easily forget what they learned at the end of the previous school year. If a year round school
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Choose to Dine at Home on the Eve of the Chinese New Year It is a traditional custom that the family members from everywhere hurry back home to join a big dinner on the eve of Chinese New Year. It is a significant reunion. It is a traditional way to enjoy this at home. However‚ in recent years‚ many families have another choice of having dinner at restaurants. In my view‚ I prefer to have dinner at home. There are several reasons to justify my view‚ some of which are as follows. Firstly‚ it is
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