1. Introduction to Government Budget:
   • Definition and significance of the government budget.
   • Objectives of government budgeting in economic management.
2. Components of the Government Budget:
   • Revenue Budget: Revenue Receipts (Tax and Non-Tax Revenue) and Revenue Expenditure.
   • Capital Budget: Capital Receipts (Borrowings and Disinvestment) and Capital Expenditure.
3. Types of Government Receipts:
   • Revenue Receipts vs. Capital Receipts.
   • Tax Revenue (Direct and Indirect Taxes) and Non-Tax Revenue.
   • Borrowings and other liabilities.
4. Types of Government Expenditure:
   • Revenue Expenditure vs. Capital Expenditure.
   • Plan and Non-Plan Expenditure.
   • Developmental and Non-Developmental Expenditure.
5. Deficits in Government Budget:
   • Revenue Deficit: Meaning, implications, and methods to manage it.
   • Fiscal Deficit: Definition, significance, and its impact on the economy.
   • Primary Deficit: Concept and its relation to Fiscal Deficit.
   • Effective Revenue Deficit.
6. Fiscal Policy and Economic Stability:
   • Role of Fiscal Policy in managing the economy.
   • Impact of Fiscal Deficit on inflation, interest rates, and economic growth.
   • Measures to control fiscal deficit.
7. Public Debt and Debt Management:
   • Types of Public Debt: Internal and External Debt.
   • Burden and sustainability of public debt.
   • Strategies for debt management.
8. Goods and Services Tax (GST):
   • Introduction and need for GST.
   • Impact of GST on revenue and economic growth.
   • GST rates and their implications for different sectors.
9. Fiscal Consolidation and Reforms:
   • Need for fiscal consolidation.
   • Government measures and reforms for improving fiscal discipline.
   • The role of the FRBM (Fiscal Responsibility and Budget Management) Act.
10. Economic Theories Related to Government Budget:
    • Ricardian Equivalence.
    • Keynesian approach to fiscal policy.
    • Automatic stabilizers in the economy.
11. Impact of Government Budget on Economic Inequality:
    • Redistribution through taxation and subsidies.
    • Effect of direct and indirect taxes on different economic classes.
12. Challenges in Government Budgeting:
    • Balancing growth and fiscal stability.
    • Managing subsidies and public sector expenditure.
    • Addressing economic inequalities and regional disparities.

(Report this question)

You've reached the last question. Do you want to submit the exam or continue reviewing?