- 1. It refers to the formulation, implementation of and evaluation of policies and decisions on taxation, revenue distribution, resource allocation, budgeting and public expenditure, borrowing and debt management, accounting and auditing
- 2. the people whom the government serves. The people are sometimes called beneficiaries, or more specifically the voters, the taxpayers, the youth, the farmers, the urban poor and so on.
- 3. Fiscal policies provide the direction to government activities and depending on the kind of policy adopted, serve to encourage and promote private activities.
- 4. in the phrase public fiscal administration refers to the formulation, implementation and evaluation of the government’s fiscal policies.
- 5. The administration of fiscal policies usually takes place within the political system.
- 6. It is a part of a larger system and is influenced by forces of society
- 7. implements taxation laws
- 8. implements tariff laws
- 9. custodian of government funds
- 10. leads the formulation of expenditure policy as well as borrowing.
- 11. central planning body and major player in fiscal policy formulation, review and assessment
- 12. prescribes programs, projects and activities of government and how these are prioritized and financed.
- 13. ensure that monetary policies and targets are in consonance with fiscal policy decisions.
- 14. is a subject in the field of economics that deals with the expenditures of the government and their impact on the economy.
- 15. the combination of policies on taxation, expenditures, borrowing, budgeting, accounting and auditing adopted by the government to achieve its objectives.
- 16. - It is also referred to as budgetary policies.
- 17. An appropriation bill, also known as supply bill or spending bill, is a proposed law that authorizes the expenditure of government funds
- 18. also called the national government budget.
- 19. Developed countries have goals and objectives
- 20. Developed countries have high per capita incomes each year. By having a high income per capita, the country’s economic value will be boosted. Therefore, the amount of poverty can be overcome.
- 21. The level of security of developed countries is more secure compared to developing countries.
- 22. In addition to ensuring security, health in a developed country is also guaranteed.
- 23. In developed countries, the unemployment rate is relatively small because every citizen can get a job.
- 24. The inhabitants of developed countries tend to have mastered science and technology from which new useful products such as the industrial pendant lights were introduced to the market.
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