Babylon 10
The world's best online dictionary

Download it's free

Definition of Fiscal policy

Babylon English Dictionary

economic program which operates according to changes in a country's budget or taxes, governmental policy regarding budgetary regulation
Fiscal policy Definition from Business & Finance Dictionaries & Glossaries
Fiscal policy Definition from Social Science Dictionaries & Glossaries
Environmental Economics Glossary
Policies that affect the level of government expenditures and taxes Those federal-government expenditure, tax and borrowing decisions that affect the level of national economic activity.
A Glossary of Political Economy Terms
That part of government policy which is concerned with raising revenue through taxation and with deciding on the amounts and purposes of government spending. Keynesian economic theorists believe that government can, and should, regulate the overall pace of activity in the national economy through fiscal policy, principally by deliberately having government borrow to spend more than it takes in (running a budget deficit ) to increase total demand for goods and services in times of high unemployment and economic slowdown (the deficit being created either by cutting taxes or by increasing spending or both). Similarly, Keynesian theorists would advocate having government spend less than it takes in (running a budget surplus ) to cool down the national economy when too great an expansion of total demand has pushed production to its physical limits and threatens to bring on excessive inflation .
[See also: budget , budget deficit , budget surplus , business cycle , unemployment , investment , recession , tax, taxation ]
Fiscal policy Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
In economics and political science, fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. The two main instruments of fiscal policy are changes in the level and composition of taxation and government spending in various sectors. These changes can affect the following macroeconomic variables in an economy:
  • Aggregate demand and the level of economic activity;
  • The distribution of income;
  • The pattern of resource allocation within the government sector and relative to the private sector.

See more at Wikipedia.org...
© This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License and under the Creative Commons Attribution-ShareAlike License
Fiscal policy Definition from Language, Idioms & Slang Dictionaries & Glossaries
WordNet 2.0

Noun
1. a government policy for dealing with the budget (especially with taxation and borrowing)
(hypernym) economic policy