To understand the various aspects of Public Finance.
To determine the role and objectives of Fiscal Policy.
9.00
Unit I:
Meaning and classification of Public Expenditure;
Reasons for the growth of Public Expenditure;
Effects of Public Expenditure;
Trends in Public Expenditure in India.
Subsidies in India
9.00
Unit II:
Objectives of Public Debt;
Classification of Public Debt;
Burden of Public Debt;
Ricardo Pigou Thesis, Buchanan Thesis, BDK Thesis, Musgrave Thesis of Inter Generation Equality.
Effects of Public debt;
Methods of debt redemption;
Loans versus Taxes;
Trends in internal and external public debt in India.
9.00
Unit III:
Fiscal Federalism – Centre – State Financial Relations
Problems of Centre – State Financial Relations
Thirteenth Finance Commission : Impact on Rajasthan
9.00
Unit IV:
Government budget : Meaning & Purpose
Types of Government Budget :Legislative & Executive; Multiple & unified; Conventional & Cash; Revenue & Capital; Incremental & Zero base; Development & Non Development ; Economic and Functional classification of the Budget;