Fiscal policy and resources mobilisation

The basic structure of the economy lies in the scarcity of its productive resources in relation to its necessities. To bridge this gap, an intensive study of the problems of resource mobilisation at present time is indispensable to find out the different channels of adequate resources. In this context the book pacifies the all possible scope of resource mobilisation with candid comments on the existing tax structure, limitations of public borrowing, how to enhance the surpluses of public enterprises and minimisation of the use of technique of deficit financing in raising the resources. It covers some basic and key issues like the problem of low yields generated from the public enterprises, long term fiscal policy-how far imperative and the coverage of value added tax for making the process of taxation easy and base widened.

The author provides analytical an framework for the study of the problems of resource mobilisation whose treatment is comprehensive and not segmental, the purpose being to present the problematic picture as a whole, though the viability of each source of revenue is not lost sight of. In particular, the work is a fiscal aspect that has remained largely unexplored, is studied in detail. The special feature of this book is that the author has examined these problems critically and has placed a lot of viable suggestions. To his mind, the use of tool of deficit financing to bridge the resource gap is not always inflationary.

The outstanding book will be of great value not only to the citizens of academic world, but also to those interested in fiscal mechanism of the Government.