FISCAL ECONOMICS
               V SEMESTER
             CORE COURSE: ECO5 B07
             BAECONOMICS
             (2019 Admission onwards)
           UNIVERSITYOFCALICUT
              SchoolofDistance Education
           Calicut University P.O, Malappuram Kerala,
                   India 673 635.
                     19357
                          School of Distance Education
           UNIVERSITYOFCALICUT
           SCHOOLOFDISTANCEEDUCATION
           STUDYMATERIAL
           (2019 Admission onwards)
           CoreCourse: ECO5 B07
           BA ECONOMICS
           VSEMESTER
           FISCAL ECONOMICS
            Prepared by:
                 Sri. Abdul Kareem. O.C
                 Assistant Professor,
                 PGDepartmentof Economics,
                 Government College Kodanchery,Kozhikode.
            Scrutinized by:
                 Dr. C. Krishnan
                 Associate Professor,
                 PGDepartmentof Economics,
                 Government College Kodanchery,Kozhikode.
                            DISCLAIMER
               “The author shall be solely responsible for the
               content and views expressed in this book”
           Fiscal Economics                             2
                        School of Distance Education
                          CONTENTS
          MODULEI      MEANING AND SCOPE
                       OF PUBLIC FINANCE           5
          MODULEII     PUBLICEXPENDITURE           25
          MODULEIII    PUBLICREVENUE               45
          MODULEIV     PUBLIC DEBT AND
                       BUDGET                      125
          MODULEV      FEDERALFINANCE             165
          Fiscal Economics                          3
                     School of Distance Education
         Fiscal Economics                    4