Role of public engagement in improving fiscal policy

Economics

Public engagement
Public engagement in the context of this piece implies a participatory approach in which key and representative sample of tax stakeholders contribute in shaping fiscal policy. The stakeholders are those who are positively or negatively affected by the policy in a direct or indirect way. The engagement involves stakeholders giving their inputs on the kind of policy they want. Each stakeholders group would like a policy that favours it. Naturally captains and titans of the industry as well as consumers would like expansionary fiscal policy. Revenue collectors would most likely want the fiscal policy that leads to high revenues from many tax types and high tax rates. These opposing targets need to be reconciled. This can be partly done through proper and careful public engagement that ends up with win-win situation for all involved parties.

Role of public engagement in improving fiscal policy

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