Section 4(1) of the Fiscal Responsibility and Budget Management Act 2003 requires the Central Government to eliminate revenue deficit and thereafter generate revenue surplus. In 2010-2011, unexpectedly high receipts from auction of spectrum in the 2100 MHz and 2300 MHz bands accounted for 55% of...

Telecommunications regulation in the U.S. is replete with a system of subsidies and taxes. Because of budgetary spending limits, Congress is unable to increase general taxes to pay for social programs and thus funds these programs from taxes on specific sectors of the economy. In this paper I...