Friday, July 10, 2020



What is Budget? Features that budget should Have?

Meaning of Budget The term 'Budget' has been originated from the French word 'Bongettee' which means 'a small leather bag'. This 'bag' contains an economic bill' which is presented...
public finance

All About Public Finance, Nature of Public Finance

Broadly speaking, public finance is related to income and expenditure of the government. Public finance deals with the expenditure and income of public authorities of the state and their mutual relation as...
Value added Tax

What do the meaning of Value Added Tax (VAT)?

Meaning of Value Added Tax (VAT) : The value-added tax belongs to the family to sales taxes. A general sales tax is a tax on' sales transactions but it...
Social Goods

Social Goods and It’s Cost Production

Actually, everybody wants to enjoy the benefits of social goods be they defense goods, law and order, education, etc.but no one wants to pay for them. At the same time. the consumers...
importance of public finance

Importance of Public Finance in Present Day

The importance of public finance in present days can be put as under : Maximum Social Advantage: The prime duty of the government is to attempt for maximum...
Zero Base Budgeting

What is Zero Base Budgeting? Limitations and Advantages of ZBB

Concept of Zero-Based Budgeting (ZBB): In the most literal sense, Zero-Based Budgeting implies constructing a budget, without any reference to what has gone in previous year or period, based...
Public Finance

Public Finance a Positive Science or a Normative Science?

Nature of Public Finance: Public finance faces a burning controversy whether it is a science or an art and further whether it is a positive science or a normative science.
Private Goods

What is meant by Private Goods and Public Goods?

Just as private-sector economics deals with the wants and their satisfaction of household and firms, public sector economics, more commonly called public finance, deals With the question of collective wants and their...
Main Source of Revenue of the Government

What is The Main Source of Revenue of the Government of India?

Meaning of Public Revenue The income of the Government through all sources is called public revenue. According to Dalton, however, the term "Public Income" has two senses—wide and narrow....
Public Expenditure

Meaning of Public Expenditure, Difference between Public and Private Expenditure

Meaning of Public Expenditure The Term Public Expenditure refers to the expenses incurred by public authorities- Central, state and local governments for their own maintenance and for the discharge...
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