Synopsis Fiscal policy which emerged as a branch of applied economics under the name of macroeconomic analysis has grown in its coverage. Today, fiscal policy in developing economies involves a judicious mixture of macro-economic policies of the government to achieve multiple objectives. The book survey fiscal trends of the 1980s and 90s, and provides an overview of the tax the expenditure reforms. The book discusses the conceptual framework and basic issues involved in the problem of fiscal stablization. Examines the background and causes of the inception of the problem. Reviews the measures undertaken by the government for the restoration of fiscal stablization. Assesses the impact of fiscal stablization measures in different dimensions. Highlights areas for further reform to restore sustainable fiscal stability. Students and researchers will find the book analytical, detailed and extremely practical.