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What is Fiscal Development? What is Fiscal Development?

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Old Tuesday, October 30, 2012
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Default What is Fiscal Development?
What is Fiscal Development?
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Old Tuesday, October 30, 2012
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Default Fiscal development
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Originally Posted by Shobeen Jehajo View Post
What is Fiscal Development?
Dear

The process to improve the health of Fiscal Policy(Reducing the fiscal deficit) and making it sound enough to achieve macro-economic stability us called Fiscal Development.

As sound fiscal position is an essential pre-requisite for achieving macro-economic stability and such stability in return is helpful in promoting a strong and sustained economic growth and lasting poverty reduction.

In nut shell, shifting your fiscal policy from lax fiscal management to prudent one that can attain development goals is called FISCAL DEVELOPMENT.

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Default Fiscal Year
Fiscal Year is relating to government taxes or budget or revenue.
A Fiscal Year (FY) is a 12 month period over which a company budgets its spending and reports income. A (FY) is always referred to by the date on which the accounting period ends - not on which it begins.
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What is difference between Fiscal deficit and Revenue deficit?

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Originally Posted by Shobeen Jehajo View Post
Fiscal Year is relating to government taxes or budget or revenue.
A Fiscal Year (FY) is a 12 month period over which a company budgets its spending and reports income. A (FY) is always referred to by the date on which the accounting period ends - not on which it begins.
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Old Wednesday, October 31, 2012
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Default Dear Aspirant
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What is Fiscal Development?
Fiscal Development is the development which deal with the income resources of the country like trade, foreign exchange and reserves. Every year State Bank of Pakistan announces the fiscal policy of the Government and also informs about previous situation and upcoming planning in future.
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What is difference between Fiscal deficit and Revenue deficit?
Fiscal deficit occurs when the revenue of government is less than its expenditures. and
Revenue deficit occurs when the total actual revenue received is less than the forcasted or expected revenue.
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