Public Finance and Revenue Governance syllabus

Public Finance and Revenue Governance

• 1 Public Finance and Theory (12 LHs)

  • Concept and scope of public finance
  • Theory of public goods: Public goods/Private goods; Public sector/Private sector
  • Social wants and merit wants
  • Externalities
  • Public Goods and allocation of resources
  • Recent issues in public finance
• 2 Government Revenue (10 LHs)

  • Concept and sources of government revenues
  • Principle of taxation: Canons of taxation and Equity principles
  • Types of Taxation
  • Taxation and economic development
• 3 Public Expenditure (8 LHs)

  • Concept of public expenditure
  • Objectives of public expenditure
  • Principle of maximum social advantage
• 4 Public Debt (10 LHs)

  • Concept and sources of public debt
  • Need for public debt
  • Burden of public debt
  • Management of public debt
• 5 Fiscal Policy and Budget (8 LHs)

  • Concept of fiscal policy and its importance
  • Concept of government budget
  • Budget cycle
  • Concepts of balanced vs deficit budget