Archive | Fiscal Policy

Deficit Financing: Meaning, Effects and Limitations

After reading this article you will learn about:- 1. Meaning and Definition of Deficit Financing 2. Objectives of Deficit Financing 3. Effects 4. Limitations. Meaning and Definition of Deficit Financing: The term deficit financing means the direct addition to gross national expenditure through budget deficits whether the budget deficits are on revenue or on capital account. This policy implies that [...]

By |2016-07-12T14:18:12+00:00July 12, 2016|Fiscal Policy|Comments Off on Deficit Financing: Meaning, Effects and Limitations

Deficit Financing and Economic Development

After reading this article you will learn about deficit financing as a tool of economic development. Deficit financing is an extraordinary fiscal device of development finance in modern times. In developed countries J.M. Keynes, popularized this concept, with a view to fight and control depression which is often accompanied by unemployment. Prof. J.M. Keynes, through the instrument of pump priming, [...]

By |2016-07-12T14:18:12+00:00July 12, 2016|Fiscal Policy|Comments Off on Deficit Financing and Economic Development
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