ranjan

Managing Public finances is a vital source of development policies of the Govt. leading to poverty alleviation and growth. It is management of country's Revenue (e,g, tax collections), Expenditure, Debt loads, Budget, Deficit/Surplus. Good policies can do and sail whereas good management of public finances contributes to make trust. The key elements of  perfect financial management are: i)   Fiscal framework ii)  Budget preparation iii) Budget execution iv) Accounting and sequencing of  reforms  v) Control and audit It promotes- a) How Govt. allocates resources, b) Promote sustainability, and c) Transparency and oversight mechanisms. It is the responsibility of the Govt. to implement fiscal policy through Budget. Sometimes informal laws of behaviour becomes important but priortising and sequencing of activities are essential as also basics. Following issues be taken into account while making public finance policy. I)   Management of reso...