Definition, Meaning & Synonyms
fiscal policy
Noun
/ˈfɪskəl ˈpɒlɪsi/
Definition
Fiscal policy refers to the use of government spending and taxation to influence the economy.
Examples
- The government implemented a new fiscal policy to stimulate economic growth.
- During economic downturns, fiscal policy can help boost demand and create jobs.
- Fiscal policy decisions can affect everything from inflation rates to public services.
Meaning
It involves adjusting spending levels and tax rates to monitor and influence a nation’s economy.
Synonyms
- Budgetary policy
- Financial policy
- Taxation policy
