Public finance

A tax authority or electronic submission box in the data transmission system of tax administration shall confirm, in electronic form, the submission of a return or petition by electronic communications means. § 3. The minister competent for public finance shall, by regulation, determine the types of returns that may be submitted by electronic communications means, having regard to the need for gradual popularization of electronic form of contacts with tax authorities and the frequency of return

Current Research Journal of Economic Theory 2(1): 22-26, 2010 ISSN: 2042-485X © M axwell Scientific Organization, 2009 Submitted Date: December 17, 2009 Accepted Date: January 10, 2010 Published Date: January 30, 2010 Domestic Debt and the Nigerian Economy I. Adofu and M. Abula Departm ent of Eco nom ics, Kogi S tate University, A nyigba, Nigeria Abstract: The study investigates the empirical relationship between domestic debt and economic grow th in Nigeria. Using OLS regression techniques and

A budget can be described as an allocation mechanism that the Government uses to distribute a nation’s resources amongst different economic sectors that serve or are existent within a country. The major source of Government resources distributed is taxes paid by resident or citizens of a given country. A budget is one tool that has a lot of political and economic significance since it controls a Government’s expenditures and it lays out a path that the economy will follow or at least try to follow

1. Nchite and Nsana, (2004): Public Finance Management and Utilization Project- Report on strategies and Mechanisms of an effective system of public finances management in Zambia. 2. Gumboh Steven, (2004): MTEF Manual for Central Government: Zambia. 3. Mudenda Dale, (2005). The budgeting Processes and Economic Governance in Zambia: A Literature Review. 4. Bolnick Bruce, (1995): Establishing Fiscal Discipline: the Cash budget in Zambia. 5. Dinh Hinh, (2000) Cash Budget in Zambia: Stabilizations versus

Should the UK Government Restore the 50% Additional Rate of Income Tax? The United Kingdom has developed to become one the highest taxed nations across the globe despite impaired competitiveness and stifled economic growth. Unlike most OECD countries that have lessened their tax burdens since 1997, UK taxation has increased, which has resulted in reduced competitiveness of the country’s position as a low tax regime. The other characteristics of UK taxation include forcing taxpayers into higher

International Finances R e p o r t Fiscal policy role and development in Bulgaria and in the EU Fiscal policy is a set of measures by the government aimed to slow or stimulate the economy. Such measures are changes in tax policy and government spending. With the changes that are made the government influence directly to the demand. Fiscal policy is based on the theories of the British economist John Maynard Keynes. The idea is that the state can influence the economy by increasing or reducing

to remain relevant to the debate about public services? Introduction This essay examines Baumols’s cost disease giving reasons why it is unpopular with politicians from both ends of the political spectrum, and also presents further salient factors that makes Baumol’s cost disease relevant to debates about public services. The discussion begins with an analysis of the meaning of Baumol’s cost disease, then looks at the characteristics of the public sector which may include lack of efficiency

economic units. The policy influences the behaviour of economic forces through public finance. Major objectives of the fiscal policy of Bangladesh are to ensure macroeconomic stability of the country, promote economic growth, and develop a mechanism for equitable distribution of income. The main tools to achieve these objectives are variation in public revenue, variation in public expenditure, and management of public

This chronic and growing public budget deficit has generated pressures on domestic savings and increased the share of domestic savings that directed to cover the growing public deficit at the expense of investment spending share. Ratios of public budget deficit to demand for domestic savings fluctuated around upward sloping trend. This ratio recorded 40%, in average, with standard deviation 14.5% during the considered period. Panel (a) in figure (3) shows that despite ratio of investment spending

BRIEFING NOTE FOR THE FINANCE MINISTER INCREASING THE CAPITAL GAINS TAX FROM 50% TO 100% Purpose: The purpose of this briefing note is to provide the finance minister, Bill Morneau, with insight on the merits of an increase, from 50% to 100%, in the tax on capital gains. Statement of the Issue: The federal government is currently running a large budget deficit. “By the end of the current fiscal year, the country will be almost $31 billion in the red…$1.3 billion beyond the $29.4 billion deficit