Biblical principles that deal with Fiscal and Monetary policy clearly spell out the expectations of a believer: the love of money is the root of all evils’. Give that which belongs to Caesar unto him, and that which belongs to God unto Him. This teaches the principle of equity, avoidance of greed and exercise of dependence on God and not such material possessions in pursuit of human goals. This therefore becomes the guiding principles for designing a viable fiscal and monetary policy.
In this situation, all appropriate quarters working for the good of the organization are duly taken care of. Besides, such units need also make themselves accountable to the Audit or similar unit: In this vein, the accountability is sustained for the good of the colony. WORTHY PLAN The plan is also structured in such a way that the less privileged is also catered for: such people include the severely handicapped, orphans, the aged.
The influence of Biblical principles, in these situations, ensures the policy promotes unity and harmony in the organization/nation. This way, there is reduced incidence of strife, attack on the rich in the society, embezzlement of public funds. It affords the right opportunity to contribute to the installation and maintenance of social amenities. With the weapon of the policy, taxation is not exempted nor evaded. It also provides for the provision of social amenities for the populace, and dilapidated ones are marked accordingly for repairs.
Award of such contracts are heavily based on merit and not of favoritism or nepotism. Contractors for such projects are credible people saddled with the responsibility of carrying out such projects with the right materials, durable and long-lasting. All these are aimed at equitable distribution of resources among competent organizations and individuals. GIVING: LAW OF SOWING AND REAPING A 10% of accruable income is also given as tithe to God, as a means of replenishing his household and promoting missionary activities.
Biblical principles are clear on the question on when and how to spend money; it emphasizes respect for government and so taxes must be paid at the right time, and all promises must be met. Besides, it also emphasizes the importance of giving a portion of accruable profits to God in the form of tithes and offering; this is one spiritual principle based on the ‘Sowing and reaping’. Sowing implies giving to the work of God; this is how every good Christian sees their gains and is also influenced by such in planning fiscal policies.
Even certain entrepreneurs understand this principle so much that they provide certain share of money for socio-cultural and religious activities. Some don’t just give; they sponsor crusades, trips, scholarships, salaries and projects. Why do they do this? They understand its implication. What you sow is what you reap; they sow seeds into these organizations and they reap bountiful returns in kind and cash. This is one tested principle that company leaders and investment tycoons can attest to: it works excellently.
In essence, the role of Biblical principles is such that it promotes accountability, integrity and equity; wealth is not restricted to a particular group of people; everyone is encouraged to engage in fruitful ventures. This is not far from the equality/justice perspective of a Christian, as he sees monetary policy as an avenue to show love and glorify God. In doing this, he understands the importance of equitable distribution of resources in such a way that the concomitant challenges of inequality and fraud are reduced or eliminated.