Question
Which of the following things are included in ‘Fiscal
policy’?Solution
The four main components of fiscal policy are (i)Â Â Â Â Â Â Â Â Â Â Â Public expenditure, budget reform (ii)Â Â Â Â Â Â Â Â Â Â revenue (particularly tax revenue) mobilization, Use of Taxation (iii)Â Â Â Â Â Â Â Â Â deficit containment/ financing and Public Borrowing or Fiscal Transfers
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