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My Written Report - Fiscal

This document provides an overview of public fiscal administration. It defines fiscal administration as dealing with government revenues and expenditures. The major activities of fiscal administration include fiscal policy formulation, taxation and revenue administration, budgeting and expenditures, public borrowings and debt management, and accounting and auditing. The importance of public fiscal administration is that it allows governments to provide public goods, redistribute income, and tackle undesirable effects of the market economy. Subject matters of public finance include public expenditure, public revenue, public debt, public budgeting, and public stabilization.

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106 views12 pages

My Written Report - Fiscal

This document provides an overview of public fiscal administration. It defines fiscal administration as dealing with government revenues and expenditures. The major activities of fiscal administration include fiscal policy formulation, taxation and revenue administration, budgeting and expenditures, public borrowings and debt management, and accounting and auditing. The importance of public fiscal administration is that it allows governments to provide public goods, redistribute income, and tackle undesirable effects of the market economy. Subject matters of public finance include public expenditure, public revenue, public debt, public budgeting, and public stabilization.

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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Republic of the Philippines

BULACAN AGRICULTURAL STATE COLLEGE


INSTITUTE OF GRADUATE STUDIES
Pinaod, San Ildefonso Bulacan

EDM 223

Fiscal
Administratio
n
CHAPTER I.

Introduction to Public Fiscal


Administration

Prepared by:
JOANGELETTE Q. DELA CRUZ

Submitted to:
DR. LEVI P. SIAZAR

LEARNING OBJECTIVES:
1. Acquire an overview of fiscal administration, and
2. Understand the Importance of Fiscal Administration,

OVERVIEW OF PUBLIC FISCAL ADMINISTRATION

OUTLINE:
1. Definition of Public Fiscal Administration
2. Major Activities in Fiscal Administration
3. Importance of Public Fiscal Administration
4. Subject matters of Public Finance
5. Similarities & Dissimilarities of Public and Private Finance
Did you know?
Fiscal  derives from the Latin noun fiscus, meaning
"basket" or "treasury."

What is Fiscal Administration?


-Fiscal Administration is a manner of collecting something
from the constituents and spending it also for the constituents.
-Fiscal Administration is the act of Monetary transactions and
budgets for governments, educational institutions, nonprofit
organizations, and other public service entities.

FISCAL ADMINISTRATION

It deals with It deals with

REVENUES EXPENDITURES

-It refers to systems, structures, processes, officials and


personnel, and the policy environment governing
intergovernmental, and inter-local fiscal relations.

DEFINITION…
Major Activities in Fiscal Administration:
1. Fiscal Policy Formulation
2. Taxation and Revenue Administration
3. Budgeting and Expenditures
4. Public Borrowings and Debt Managing
5. Accounting and Auditing
Principal Agencies task with fiscal functions:
1. Congress (Lower House)
2. Department of Finance
3. Department of Budget and Management
4. Commission on Audit
Congress (Lower House)- responsible for revenue and
expenditure policy.
Department of Finance- responsible for revenue collection
and generation, disbursements, fund custody and keeping
accounts.
Department of Budget and Management- responsible for
review of estimates and fiscal policy studies in close
consultation with the National Economic Development
authority.
Commission on Audit- conducts fund and performance
audit to see to it that the expenditures are in accordance with
the Appropriation Law approved.
Did you know?
Public Fiscal Administration can be interchangeably
termed as “Public Finance”.

What is Public Finance?


- Is the study of the role of government in the economy.
- A branch of economics that assesses the government
revenue and government expenditure of the public
authorities.

Importance of Public Fiscal Administration and Public


Finance
1. Provision of Public goods.
2. Public Finance enables governments to tackle or offset
undesirable side effects of market economy.
3. It helps governments to redistributes income.
4. It provide programs for moderating the incomes of the
rich and poor (middle class).
5. Generation of employment opportunities, control of
economic fluctuations like boom and depression, and
maintaining economic stability.
IMPORTANCE…

“Subject Matters of Public Finance”


5 Categories/Components:
1. Public Expenditure
2. Public Revenue
3. Public Debt
4. Public Budgeting
5. Public Stabilization

Public Expenditure
 refers to the income of government from all sources.
 deals with the different sources and methods of
raising the revenue to the government.
Public Revenue
 refers to the expenditure incurred by the public
authorities.
 deals with the principles and problems related to the
allocation of government spending.
Public Debt
 refers to the loans raised by the government both
internally and externally.

COMPONENTS…
Public Budgeting
 deals with the organizing and disbursing of the
finances of the state.
Public Stabilization
 refers to the use of public revenue and public
expenditures to secure economic stability and
growth.

“Similarities and Dissimilarities between Public finance


and Private Finance”
SIMILARITIES…
public fiscal aedministration - Overview of Public Fiscal Administration 1 Outline of the
Presentation 1 Definition of Public Fiscal Adm 2 The | Course Hero
Public Fiscal Administration Part 1 (slideshare.net)
What is Fiscal Administration? (with picture) (wisegeek.com)
Public Fiscal Administration Part 1 (slideshare.net)
Fiscal | Definition of Fiscal by Merriam-Webster (merriam-webster.com)
Public finance (slideshare.net)

Https://www.wisegeek.com/what-is-fiscal-administration.
https://www.slidehare.net/xinlein/public-fiscal-administration-part-1
https://www.slideshare.net/suzanavaidya/introductionpublic-fiscal-administration
https://www.webster.com/dictionary/fiscal
https://www.slideshare.net/nithineeconomics/publicfinance-128632879

SUMMARY…

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