ECONOMICS 9 - FISCAL POLICY Grade 9 Social Stud

Lesson

1. Fiscal Policy Macroeconomics

2. Review Panuto : Mula sa iyong mga natutuhan , suriin mo ang sumusunod na sitwasyon . Tukuyin kung ano sa mga ito ang dahilan ng implasyon (DI) o bunga ng implasyon (BI) . Isulat ang DI o BI sa isang iyong sagutang papel . ____ 1. Maraming mag- aaral ang pansamantalang maghihinto sa pag-aaral sa taong ito . ____ 2..Kulang ang suplay ng mga produkto sa ibang lugar lalo na sa mga isinailalim sa ECQ. ____3. Tanging ang tindahan na lamang ni Aling Alicia ang nakabukas hanggang madaling araw simula noong pumutok ang Covid_19 dahil sa takot ng iba pang maliliit na negosyante . ____4..Limitado ang mga produktong mula sa malalaking planta dahil marami ang pansamantalang nagsara dahil sa pandemya . ____5. Pagtaas ng palitan ng piso sa dolyar .

3. Learning objectives Explain the purpose of fiscal policy. Value the role played by the government in implementing fiscal policy; Analyze the regulation followed by the government in spending the national budget. Understand the responsibility as citizens in paying the correct taxes; and, Relate the results of a sound fiscal policy to a strong economy.

4. Fiscal Policy Fiscal comes from the Latin word fiscus which means ‘wallet’ while fisc means ‘basket’ or ‘bag.’ Fiscal policy refers to economic policy that the government implements in terms of collecting tax , budgeting , and spending to provide public services and attain economic development , making the economy strong and dynamic.

5. Expansionary Fiscal Policy Is implemented to fuel economic activity in the country. This is usually practiced by the government in times of recession where unemployment is a concern. Expansionary fiscal policy happens when the government increases its spending by having projects that create jobs.

6. Contractionary Fiscal Policy Is implemented by the government to slow down economic activity. The government does this in situations wherein demand is greater than supply Government limits its spending and increases its tax to lower demand. that results in inflation or general increase in prices.

7. 1. Intro Choose one approach to grab the audience’s attention right from the start: unexpected, emotional, or simple. Unexpected Highlight what’s new, unusual, or surprising. Emotional Give people a reason to care. Simple Provide a simple unifying message for what is to come

8. Taxation is the practice of a government to collect funds while providing different public services. Taxation is an accordance with the Philippine Constitution as written in Article VI, Section 28

9. Taxation

10. Sin Tax Reform

11. Tax Reforms Value Added Tax ( VAT ) - 12% Expanded Value Added Tax ( EVAT ) Reformed Value Added Tax ( RVAT ) Other Source of Government Funds

12. A . B C D E F

13. National Budget and Expenditure The national budget refers to the estimated amount of expenses the government will need in order to provide different public services to its citizen given in a year.

14. Classification of Government Expenses

15. According to Kind Personal Services (PS) Maintenance and Other Operating Expenses (MOOE)) Capital Outlay

16. According to Sector Economic Services Social Services National Defense General Government Transfer Payments Net Lending Debt Services Debt Amortization

17. How many languages do you need to know to communicate with the rest of the world? Tip In this example, we’re leading off with something unexpected. While the audience is trying to come up with a number, we’ll surprise them with the next slide.

18. 2. Examples By the end of this section, your audience should be able to visualize: What What is the pain you cure with your solution? Who Show them a specific person who would benefit from your solution.