Tag Archives | Notes on Contra-Cyclical Budget

Notes on Contra-Cyclical Budget | Fiscal Policy

In modern days budget is recognized as an efficient fiscal instru­ment in the hands of the Finance Minister for materializing the prime objective of economic growth and development. However the ortho­dox economists refuse to accept the efficacy of the budget. For them budget was only a financial statement showing the revenue and expenditure of the […]

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