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NITAAI-Veda.nyf > All Scriptures By Acharyas > Chanakya Pandita > MAXIMS OF CHANAKYA > MAXIMS FROM ARTHASASTRA > FINANCIAL POLICY

5.  FINANCIAL POLICY

 

The treasury has its source in the mines.

 

From (the strength of) the treasury the army is born.

 

Through the treasury and the army,  the earth, whose adorn­ment is  the treasury, is  obtained.

 

Material wealth alone  is important, says Kautilya, for,  both  righteousness and pleasure are based on material wealth.

 

Even after winning (a battle)  a ruler with a weak  army and treasury  is a loser.

 

In inactivity there is certain destruction (sure  loss) of what has been  achieved and of what is to come.

By activity, objectives are achieved and abundance of wealth  acquired.

 

Riches,  righteousness  and  physical  pleasures—these are the  three kinds of wealth. It is preferable to first  attain  the earlier  mentioned ones than the latter.

 

Absence of riches,  absence of righteousness  and  absence of  enjoyment are the three kinds of poverty.  It is preferable to  counteract the ones mentioned earlier first than the latter.

 

The launching of all  programmes depends first  and foremost on  the (resources of the) treasury.

 

Since righteousness is  the root  of wealth and enjoyment its fruit,  attainment of wealth linked to  righteousness  and enjoy­ment is  attainment of all riches.

 

A ruler with a depleted treasury will devour the citizens of cities and  the people of villages.

 

Men without wealth do  not attain  their  objectives even after  hundreds of trials.

Only through wealth can material gains be acquired, as elephants  (wild) can be captured only by elephants  (tamed).

 

A state  with  depleted  resources,  even if acquired,   becomes only  a liability.

 

Just as only ripe fruits are collected from a garden,  so too the fruits  of the state (revenue) should be collected only when due. Collection  of unripe fruits (premature collection of revenue) should be avoided  as this will generate the wrath of the people and result in  self-destruction.