fiscal policy
fiscal policy
English Definitions:
fiscal policy (noun)
a government policy for dealing with the budget (especially with taxation and borrowing)
fiscal policy (Noun)
Government policy that attempts to influence the direction of the economy through changes in government spending or taxes.
Fiscal policy
In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence the economy. The two main instruments of fiscal policy are changes in the level and composition of taxation and government spending in various sectors. These changes can affect the following macroeconomic variables in an economy: ⁕Aggregate demand and the level of economic activity; ⁕The distribution of income; ⁕The pattern of resource allocation within the government sector and relative to the private sector. Fiscal policy refers to the use of the government budget to influence economic activity.
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"fiscal policy." Kamus.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.kamus.net/english/fiscal+policy>.
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