taxation
taxation
government spending and taxation.
Fiscal policy refers to the government's use of taxation and expenditures to influence the economy. It encompasses how much the government collects in taxes and how much it spends on public services, infrastructure, and welfare programs. While it can involve disbursements, the primary focus is on the balance between tax revenues and government spending. Debt may be a consequence of fiscal policy decisions, but it is not the term itself.
fiscal policy
fiscal policy OBJ. in relation to taxation policy and expenditure policy
fiscal policy
fiscal policy
fiscal policy
fiscal policy
fiscal policy
Fiscal policy does not involve the manipulation of interest rates; that is the domain of monetary policy, which is managed by central banks. Additionally, fiscal policy is not solely focused on short-term economic stabilization; it also aims to influence long-term economic growth through government spending and tax policies. Finally, fiscal policy is not universally effective in all economic conditions, as its impact can be limited by factors like consumer confidence and pre-existing debt levels.
The term fiscal policy is used to describe an economic practice by the government. The two things the government does that fall under this policy is the process of collecting taxes and the management of spending.