Summary BEST PUBLIC FINANCE CHART book for quick revision
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CA FOUNDATION
Institution
CA FOUNDATION
"Empower your CA Foundation journey with our Public Finance Chartbook—a dynamic companion for quick and effective revision. Dive into the intricate world of public finance with ease, as each page encapsulates key concepts, formulas, and graphs. Stay inspired, stay focused, and conquer your exams ...
BUDGET
CONCEPT’S
CAPITAL RECEIPT REVENUE RECEIPT REVENUE EXP CAPITAL EXP FISCAL
1) REDUCTION IN THE 1) NEITHER CREATE ANY 1) INCURRED FOR 1) RESULT IN CREATION OF 1) DIFF BETWE
ASSETS OR AN INCREASE LIABILITY NOR CAUSE PURPOSE OTHER THAN PHYSICAL/ FINANCIAL ASSETS OR EXP & TOTA
IN LIABILITIES OF GOV ANY REDUCTION IN CREATION OF PHYSICAL/ REDUCTION IN FINANCIAL EXCLUDING
EXAMPLE- RECOVERIES GOV ASSETS. FINANCIAL ASSETS OF LIABILITIES. PRESENTED
OF LOAN , EARNIG FROM 2) 2 SOURCES TAX CENTRAL GOV 2) EXAMPLE- EXP ON ACQUISITION OF GDP.
DISINVESTMENT & DEBT REVENUE & NON TAX 2) EXAMPLE- INTEREST OF LAND, BUILDING MACHINARY, 2) GOV NON B
REVENUE PAYMENT ON DEBT, INVESTMENT IN SHARES, LOANS RECEIPTS FA
GRANT GIVEN TO STATES TO STATE GOV BY CENTRAL GOV ENTIRE EXP
ETC FROM PUBL
SHORT FALL
CONTINGENCY CONS
PRIMARY DEFICIT REVENUE DEFICIT BUDGETARY DEFICIT
FUND OF INDIA FUND
1) FISCAL DEFICIT INDICATES 1) EXCESS OF GOV REVENUE EXP 1) EXCESS OF TOTAL ESTIMATED 1) ONLY SPENT AFTER 1) ALL REVENUE
BORROWING REQUIRMENT OVER REVENUE RECEIPT . IT EXP OVER TOTAL ESTIMATED PRESIDENT APPROVAL. RECEIVED , RE
INCLUSIVE OF INTREST PAYMENT SHOW’S THE SHORT FALL OF REVENUE 2) CFI ENABLE TO MEET ARE CREDITED
PRIMARY DEFICIT INDICATES GOVERNMENT CURRENT EXP 2) IS THE DIFF BETWEEN ALL UNFORSEEN EXPENDITURE. 2) ALL GOV EXP
BORROWING REQUIRMENT OVER CURRENT INCOME RECEIPT’S & EXP , BOTH 3) DOES NOT REQUIRE FUND. FOR M
EXCLUSIVE OF INTREST PAYMENT 2) REVENUE DEFICIT = REV EXP –
REVENUE & CAPITAL LEGISLATIVE APPROVAL PARLIAMENT
2) GOAL OF MEASURING IS TO REV RECEIPT IMPORTANT
FOCUS ON PRESENT FISCAL
3) 2 PART’S = RE
INBALANCE GUILLOTINE CUT MOTIONS
FINANCE BILL 1) LIMITED TIME TO EXAMINING THE EXP
PUBLIC ACC
REDUCTION TO VARIOUS DEMANDS
DEMAND’S OF ALL MINISTRIES . ONCE 1) GOV ACTING AS A BANKE
1) PRODUCED IMMEDIATELY AFTER THE FOR GRANTS. RELATIVELY NOT
PRESCRIBED PERIOD FOR DISCUSSION IS OVER 2) MONEY DOES NOT BELON
PRESENTATION OF UNION BUDGET . IMPORTANT REDUCE THE SUMS
THEN SPEAKER OF LOK SABHA PUT ALL BE RETURN TO DEPOSITOR
2) DETAILING THE IMPOSITION, SOUGHT BY GOV ON GROUND OF
OUTSTANDING GRANTS WHETHER DISCUSSED PUBLIC ACCOUNT PARLIAM
ABOLITION, ALTERATION, ECONOMY.
OR NOT TO VOTE OF THE HOUSE 3) EXAMPLE- PROVIDENT FU
REGULATION OF TAXES IN BUDGET .
, TYPE’S OF
BUDGET
BALANCED UNBALANCED
BUDGET BUDGET
1) REVENUE’S = EXPENDITURE’S
2) NEITHER A BUDGET DEFICIT
NOR A BUDGET SURPLUS
EXISTS
3) REVENUE DOES NOT FALL
SHORT OF EXPENDITURE’S
SURPLUS DEF
OUTCOME
BUDGET BUD
BUDGET
1) LINKED WITH BUDGETARY ALLOCATION’S OF 1) RECEIPT’S MORE THAN GOV 1) RECEIPT’S LESS T
SCHEME’S & IT’S ANNUAL PERFORMANCE TARGET’S EXPENDITURE’S = SURPLUS EXPENDITURE’S
MEASURED THROUGH OUTPUT & OUTCOME BUDGET BUDGET
INDICATOR’S 2) GOV SPENT LESS THAN 2) INCREASES LIABI
2) PROGRESS CARD OF VARIOUS MINISTRIES & RECEIPT’S DECREASES IT’S R
DEPARTMENT 3) PUBLIC REVENUE EXCEED’S 3) IN MORDEN ECO
3) MEASURE DEVLOPMENT OUTCOME’S OF ALL GOV PUBLIC EXPENDITURE THE COUNTRIE’S
PROGRAM’S BUDGET
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