What is Fiscal Policy?
Fiscal policy involves the use of government spending and taxation to influence the overall economy. It aims to achieve economic goals such as stabilizing inflation, reducing unemployment, and promoting economic growth.
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Fiscal policy involves the use of government spending and taxation to influence the overall economy. It aims to achieve economic goals such as stabilizing inflation, reducing unemployment, and promoting economic growth.
Introduction: Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, including aggregate demand, employment, and inflation. Implemented by the government’s treasury or finance department, fiscal policy can be used to stimulate a sluggish economy, cool down an overheating economy, or fund public services and infrastructure projects. Effective fiscal policy supports the government's broader economic objectives, including sustainable growth, reduced unemployment, and stable prices, making it a key tool in macroeconomic management.
Components of Fiscal Policy:
Impacts of Fiscal Policy: