Government Finance and Government Revenue

Importance of Government Finance

1. Expansion of state activities
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Concept and Types of Tax

1. There are two types of tax: Direct tax and Indirect tax.

2. Those taxes directly...}

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Concept of Progressive, Proportional, Regressive and Digressive Tax

1. In progressive tax,  tax rate increases along with the increment in the income. <...}
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Government Borrowing and Budget

The major sources of government borrowing are as follow:

1. Central Ba...}
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Government Expenditure

Classification of Government expenditure

1. Current Expenditure
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