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Full Description
This book highlights the management of a country's revenue, expenditure, and debt load through various government and quasi-government institutions theoretically. It includes public goods, that may or may not be efficiently supplied by the private market. Public expenditure refers to the spending by the government to support these public goods and services, while public revenue is the government's income, primarily through tax and non-tax sources. The various indicators, like Net Resource Rent to Gross Domestic Product ratio, Capex to Totex ratio, etc. are calculated to determine India's fiscal performance and fiscal federalism's role in ensuring efficiency and equity. Analyzing India's budgetary performance, particularly in balancing revenue growth amid economic realities, is another key objective of this work. Additionally, the significance of India's public finance policies in impacting economic growth, income distribution, and overall economic stability is thoroughly examined, necessitating careful and vital input to address the unique requirements of policymakers, economists, students, academicians, researchers, and professionals.
