fiscal policy


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fiscal policy

The government’s plan for taxation and government spending. Fiscal policy is one way in which a government can attempt to control the economy. Another way is through monetary policy which attempts to guide the economy by controlling the money supply.
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Noun1.fiscal policy - a government policy for dealing with the budget (especially with taxation and borrowing)
economic policy - a government policy for maintaining economic growth and tax revenues
References in periodicals archive ?
"A weak fiscal position constrains India's sovereign ratings, so the next government's medium-term fiscal policy will be of particular importance from a rating perspective."
On the same day, the NEU released Vietnam's Annual Economic Report 2018 themed 'Towards sustainable fiscal policy that supports growth'.
Given the high odds of a recession over the next two years -- around 40 per cent in the United States, for example -- monetary policymakers who think fiscal policy alone will save the day are setting themselves up for a rude awakening.
"A number of other governments also have room to support growth by loosening fiscal policy, given that government debt levels are relatively low and budget deficits are largely under control," said Capital Economics.
He said Finance Minister Lim Guan Eng's tabling of the budget's measures, incentives and initiatives on last Friday did not present a clear direction for the country's fiscal policy, nor was it organised or visionary.
Since labor taxation is part of fiscal policy, firstly, before analyzing it, we feel it is necessary to shed a light on fiscal policy itself.
Keywords: Fiscal policy, Income inequalities, Inclusive growth, Productive employment, Poverty, VAR estimation, Impulse response functions
The treasury benches use fiscal policy to achieve these goals.
'We need to design a fiscal policy that facilitates the businesses, we would like to do spade work for the upcoming governments, so that the country could benefit in future,' Dr Shamshad, who also holds portfolio of the Minister for Commerce, said while talking about the impact of the fiscal policy on trade and investment decisions.
First, I will come up with two possible explanations for promoting a pro-cyclical fiscal policy in Romania during periods of swift economic growth, at rates above potential, partially fueled by the fiscal policy itself.
As per statement issued by SBP, policy rate will be announced for two months in the fiscal policy. Owing to reduction in inflation rate in the country SBP had decided to set policy rate at 6 percent in the previous fiscal policy.

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