the study of the economy as a whole‚ including matters such as inflation‚ unemployment‚ and economic growths. Fiscal policy‚ is where government adjusts spending levels and tax rates to specialize on the nation’s economy. The government oversees the economy to make the necessary changes to improve and avoid past mistakes by increasing or decreasing taxes or government spending. Fiscal policy is closely related to the monetary policy. The Employment Act of 1946 was signed by President Harry S. Truman
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One of the most well respected Democratic presidents in history‚ John Kennedy‚ stated in a 1963 speech on fiscal responsibility: This Government considers our tax reduction and reform program"�to be the most important action that Congress can take now to improve our long-range position. Another Bush proposal to end the double taxation of dividends from corporations will encourage companies to issue dividends to their stockholders. There are many other statistics that emphasize the benefits of the
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public finance is the study of the financial activities of governments and public authorities. divided into three categories: a - Knowing what activities the public sector engages in and how these are organized (that is‚ revenue gathering and expenditures) b - Understanding and foreseeing the full consequences of these governmental activities c - Evaluating alternative policies. The positive side describes the activities of the public sector‚ explains the reasons of the programs in existence and
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Public Accountability: The Philippine Experience Introduction Under a democracy such as in the Philippines‚ the people’s fundamental faith in the integrity of political institutions is what holds the system together even under the most difficult times. The present situation in the Philippines is a test of this principle. Whether or not the test is passed with success is a matter yet to be seen. However‚ at this stage‚ what could be gainfully learned from present experience is the knowledge
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understanding and commitment‚ strategy-implementation efforts face major problems. Implementing strategy affects an organization from top to bottom; it impacts all the functional and divisional areas of a business. It is beyond the purpose and scope of this text to examine all the business administration concepts and tools important in strategy implementation. Even the most technically perfect strategic plan will serve little purpose if it is not implemented. Many organizations tend to spend
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The purpose of this paper is to provide an overview of public finance and its philosophy. Public finance is a part of economics and related with those activities‚ which are associated with the payment of cooperative and governmental activities (Gaffney‚ 2008). Public Finance may also be also defined as a science because it deals with a definite and limited field of human knowledge; it admits of an orderly arrangement of its facts and principles and contains many laws of general progress belonging
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Public Relations Strategies and Tactics Tenth Edition Dennis L. Wilcox Glen T. Cameron This multimedia product and its contents are protected under copyright law. The following are prohibited by law: •any public performance or display‚ including transmission of any image over a network; •preparation of any derivative work‚ including the extraction‚ in whole or in part‚ of any images; •any rental‚ lease‚ or lending of the program. Copyright © 2012‚ 2009‚ 2007 Pearson Education‚ Inc
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example of teamwork. The experience is a valuable one because not only did the report increase our understanding and knowledge on the assigned topic‚ i.e. „Assess the reporting requirements under the Fiscal Management (Responsibility) Act no 3 of 2003 in the context of envisaged reforms in public sector financial management. It also taught us important lessons of how to incorporate out theoretical knowledge to enhance the understanding of practical implications. In addition‚ it also gave us
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have seen panic over the fiscal cliff‚ gun control‚ education‚ health care and many other problems. The government has a responsibility to repair and maintain any potential issues the country may face. This is handled almost primarily through public policy. In the text‚ public policy is defined as "any decision-making done on behalf of or affecting the public‚ especially that which is done by the government." (Cropf 9) There may be other interpretations of what a public policy is‚ but primarily
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Public Administration Research; Vol. 2‚ No. 1; 2013 ISSN 1927-517x E-ISSN 1927-5188 Published by Canadian Center of Science and Education Preparing Public Administration Scholars for Qualitative Inquiry: A Status Report Margaret Stout1 1 Department of Public Administration‚ West Virginia University‚ Morgantown‚ WV‚ USA Correspondence: Margaret Stout‚ Department of Public Administration‚ West Virginia University‚ Morgantown‚ WV‚ USA. Tel: 304-293-7978. E-mail: margaret.stout@mail.wvu
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