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FISCAL POLICY
TOOLS
FOR
FISCAL POLICY
Government
Expenditure, G
2 TOOLS
Tax Revenue, T
OBJECTIVES
COMPOSITION OF
GOVERNMENT
EXPENDITURE
1. Operating Expenditure
2. Development Expenditure
1. OPERATING EXPENDITURE
2. DEVELOPMENT EXPENDITURE
is meant to support governments projects to boost-up
economic growth.
three
(3) main components of development
expenditure:
1. social services: (education, research and
development, retraining programs)
2. economic sectors development: road &
transport infrastructure, free trade zone, etc;
3. security sector: Ministry of Defense
expenditure, military equipments purchase.
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Tax Revenue
consist of:
Non-tax Revenue
consist of:
1) Revenue receipts
such as from licenses,
permits, service fees,
regulation fees, interest and
returns(income) from
investment.
2) Non-revenue
receipts include refunds of
overpayment, grants and aid,
contribution from the federal
government .
CASE STUDY
QUESTION:
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QUESTION 1:
What
QUESTION 2:
What
surplus
is
when
Government
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QUESTION 3:
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QUESTION 4:
It
can
stimulate
economic
activities
since
large
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THE END
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