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ADS653 Chapter 1-Part 2 Intro

The document provides an introduction to public finance, discussing the levels at which public services should be performed including during urgencies or contingencies, as decided by political and public choice factors. It also discusses the role of public finance in running government operations, producing value for citizens, income distribution, and socioeconomic development through allocation, distribution and stabilization.

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Mohd Azrul Adin
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
26 views

ADS653 Chapter 1-Part 2 Intro

The document provides an introduction to public finance, discussing the levels at which public services should be performed including during urgencies or contingencies, as decided by political and public choice factors. It also discusses the role of public finance in running government operations, producing value for citizens, income distribution, and socioeconomic development through allocation, distribution and stabilization.

Uploaded by

Mohd Azrul Adin
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Introduction to Public Finance

Chapter 1-Part 2
ADS653
01
Course Outcome Government services

At what level public


02
service should be
perform

03 The role of public finance


Overall government services

01 02

Welfare Education
Social security Health
National defense Infrastructure
At what level public service should be
perform

Urgencies or Contingencies Public Choice


Political decision
•Natural disaster •Public demand for it as a result
•The leadership
from electing the government
(tsunami) • Prestige and Image of the
•For instance: Better
•disease outbreak infrastructure, low fuel price,
country
(corona virus) •Political Support
low taxation, low education fees
•war
Covid-19: Doctors call for urgent additional funding
for Health Ministry

By Tharanya Arumugam - March 20, 2020

Dr Lee said there is an urgent need to enhance


the ministry’s resources, which include
supplies of Covid-19 test kits and personal
protective equipment (PPE) to prevent worker
exposure.

It is refreshing to hear of the government's


additional allocation, which should be enough
to tide over the financial constraints for the
moment. But urgent extra budget allocation is
required.
Balance 'lives and livelihoods' with 12th Malaysia Plan needs
By Tan Sri Dr. Sulaiman Mahbob - September 13, 2021,NST

The first two years of the 12MP will demand the


implementation of development policies and programmes
critical to lift the macroeconomy out of the current
sluggishness.

The government may have to implement major development


projects that would create employment and income-
generating opportunities next year.

Our ports have to be beefed up with a good information


technology system to enable exporters to take advantage of
pent-up demand for electronics, computers and related IT
products, as countries transition to a digital economy.

The preparation of the 2022 Budget, in addressing the immediate


concerns of "lives and livelihoods" brought about by Covid-19, will
also have to factor in the demands of the 12MP, while initiating
new project financing approaches for economic growth in the
years to come.
The role of public finance

Running government
operations
01 Producing value to the citizen
Income distribution

Socio economic development


02 Allocation, distribution and stabilisation
End of slides

01 Good thing takes time

02 See you in next chapter

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