Public finance and budget public finance introduction- - Activity 2

=Activity - Name of Activity= Discussion on role of public finance for a developing country like India

Estimated Time
One period

Materials/ Resources needed
News paper and magazine articles analysing budgets and public finances in India

Multimedia resources
Videos of budget presentations and discussions on budgets - both India and Karnataka

Relevant local connections - people, places and materials
See videos of Karnataka state budget Get information about the annual budget of your local body - grama panchayat / taluka panchayat or city/ town council

Website interactives/ links
Karnataka state budget 2013

Karnataka state budget 2014-15

Process
Students can be divided into teams and each team can study the reasons for public financing, one could be based on the nature of finance - allocation, distribution and stabilisation. Students can also find information on current practices on these three aspects in the Karnataka State Budget. The videos of discussions on national budgets can provide diverse and conflicting opinions of different aspects of public finance

What questions can you ask
The Karnataka budget has a significant contribution towards education. Is it adequate? What is the percentage increase in overall budget you think education should have. (Can refer to the Kothari Commission report on education for some inputs here)

Evaluation – (questions for assessment of the child)

 * 1) Why does an economy need public finance?

Activity keywords
To link back to the concept page