fiscal policy noun : the financial policy of a government particularly as regards the budget and the method and timing of borrowings and especially in relation to central-bank credit policy Love words? You must — there are over 200,000 words in our free online dictionary, but you are ...
1 : of or relating to public finances 2 : of or relating to financial matters fiscally -kə-lē adverb Legal Definition fiscal adjective fis·cal ˈfis-kəl 1 : of or relating to taxation, public revenues, or public debt fiscal policy 2 : of or relating to financial...
A function of fiscal policy, along withmonetary policy, is to regulate the level of economic activity, the price level, and thebalance of payments. Fiscal policy also determines thedistributionof resources between thepublic sectorand theprivate sectorand influences the distribution of wealth. ...
From Longman Business Dictionaryˌfiscal ˈpolicy(alsobudgetary policy)[countable, uncountable]governmentpolicyconcernedwithraisingmoney, especially throughTAXATION, and how this money isspentTax increases cannot remain the only instrument of fiscal policy.→policy ...
In the short-term, fiscal policy affects mainly the aggregate demand. In the long-term, it affects consumers’ saving and investment activities and the overall long-term growth of the economy. Government spending on goods and services includes the remuneration of those employed in the public secto...
undesirable effects on theproduction, employment and national income of the economy. The Fiscal Policy aims at ensuring a long-run stability of the economy, could be achieved only by controlling the short-run economic fluctuations. Thus, the fiscal policy strives to achieve the following objectives...
•Later, themayorwillreimbursetheagencyfrom hiscoffers, they wereassuredbyredevelopmentagencyfiscalofficerSteve Agostini.•TheCouncilofFinancesdeterminedfiscalpolicy within theregion.•Theadministrationneeds to come up with a soundfiscalpolicy.•Though theirfiscalpowers are less, they have gone a very...
Rachel Ehlers, principal fiscal and policy analyst at the LAO, said the agency thought it’d be worth “going a little deeper into the reasons why response is necessary” in this report. FromVoice of San Diego At the start of 2020, the fiscal crisis for US higher education was a fringe...
Monetary Policy vs. Fiscal Policy Monetary policy is enacted by a central bank to sustain a level economy and keep unemployment low, protect the value of the currency, and maintain economic growth. By manipulating interest rates or reserve requirements, or through open market operations, a central...
Fiscal cliff is a term coined to describe a rare combination of expiring tax cuts and government spending cuts that were perceived as threatening U.S. economic stability in 2012.