Fiscal Policy & Government Revenue क्या है?
Fiscal policy refers to the government's use of taxation, public spending, and public debt to influence the economy. Government revenue is the income generated by the government from all sources, primarily taxes and non-tax receipts, which is crucial for funding public expenditure and maintaining fiscal stability.
ऐतिहासिक पृष्ठभूमि
The concept of active fiscal policy gained prominence with Keynesian economics, advocating government intervention to stabilize the economy. In India, fiscal policy has been instrumental in achieving socio-economic development goals, managing economic cycles, and addressing issues like poverty and inequality since independence.