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As we know, the major sources of public revenue are taxes, fees, prices, special assessments, rates, gifts etc. If during a given period, government expenditure exceeds government revenue and the deficit is met by borrowing, it is called deficit financing or income generation finance. Therefore, to have a significant expansionary effect, a program of public … Read more
A sound financial budget is the most important factor in a financially secure and prosperous future. Having a proper financial budget is the first step to financial planning. Let’s see how a personal finance budget can help you. They will help you in the following ways: 1. Personal Finance Budget will help you understand your … Read more
The following are some examples of modern financial management theories formulated on principles considered as ‘a set of fundamental tenets that form the basis for financial theory and decision-making in finance’ (Emery et al.1991). An attempt would be made to relate the principles behind these concepts to small businesses’ financial management. Agency Theory Agency theory … Read more