Budget Policy and views of different economics school for budget policy will be explained. In addition, the possible effects on the budget balance and budget policies in the macroeconomic indicators will be assessed.

Budget Policy, Conventional and Keynesian Approach towards Budget Policy, Multiplier Effect, Government Spending in IS-LM Analysis, Crowding-Out, Various School of Economics Thought View towrds Budget Policy, Budget Deficits: Measures, Causes and effects.