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TOPIC 6: GOVERNMENT SECTOR (POLICIES INTRODUCE TO BOOST M'SIAN…
TOPIC 6: GOVERNMENT SECTOR
FISCAL POLICY
Govt. adjust its levels of spending in order to monitor and influence a nation & economy
TYPES OF TAXES
Regressive
Proportional
Progressive
MAIN COMPONENTS OF BUDGET
Govt. revenue
Govt. expenditure
POLICIES INTRODUCE TO BOOST M'SIAN ECONOMIC GROWTH
New Economic Model (NEM)
Government Transformation Programme (GTP)
1 Malaysia
Economic Transformation Programme
MONETARY POLICY
Process by which monetary authority of a country (Central Bank) / BNM controls the supply of money, often targeting a rate of interest
OBJECTIVES
To achieve high economic growth
To raise the general level of real income & aggregate demand
To manage economy efficiently
To redistribute income and resources efficiently
MEASURES THAT CAN BE USED TO IMPROVE THE EFFECTIVENESS OF PUBLIC SECTOR
Implementation of client charter
Innovation
Quality management
Improvement of systems & work procedures
FACTORS INFLUENCING THE EXPENDITURE MADE BY GOVT.
Economics objective to be achieved
Political & security concern
Total amount of revenue earns