Foundations of Government Budgeting and Fiscal Policy

Understanding how governments manage revenue, expenditures, and fiscal policy is essential for grasping modern economics. This comprehensive text-based course guides you from foundational economic concepts to a clear understanding of how public budgets are structured, analyzed, and implemented. You will learn the fundamental terminology of public finance, including revenue, capital expenditure, and fiscal deficits. You will also understand how government budgets are formulated, approved, and executed, and analyze the impact of fiscal policy on economic growth and public debt. Additionally, you will explore modern public finance concepts, including performance-based budgeting and fiscal sustainability frameworks. Designed for beginners and students of economics, this course requires no prior background. Begin reading today to build a strong foundation in public budgeting and fiscal policy.