Domestic savings in India play a pivotal role in shaping the nation’s economic landscape, serving as a cornerstone for investment, growth, and development.
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UPSC Notes
Plan and non-plan expenditure classification is a fundamental framework employed by governments to allocate and manage financial resources effectively.
Zero Base Budgeting (ZBB) emerged as a methodology to address these challenges. First introduced in the Union Budget in 1987
Off-budget financing refers to financial activities undertaken by governments or organizations that are not included in the main budgetary process
Fiscal consolidation entails strengthening government finances, aiming to reduce annual borrowings and historical cumulative public debt.
Economy Notes
Fiscal Responsibility and Budget Management (FRBM) Act – UPSC Economy Notes
by Edukemy Team
The Fiscal Responsibility and Budget Management (FRBM) Act stands as a cornerstone of fiscal policy in many countries, aimed at ensuring prudent financial management
During periods of economic downturn or crisis, fiscal stimulus becomes a crucial tool for governments to boost economic activity.
Deficits and deficit financing represent fundamental concepts in economics and government finance, playing significant roles in shaping fiscal policies
Capital receipts and capital expenditures are fundamental concepts in finance and accounting, essential for understanding the financial health and strategy of an organization
Revenue receipt and revenue expenditure are fundamental concepts in the realm of finance and economics, crucial for understanding the financial health and operational dynamics of any entity,