The policy of a government in controlling its own expenditures and taxation, which together make up the budget.
Note: A function of fiscal policy, along with monetary policy, is to regulate the level of economic activity, the price level, and the balance of payments. Fiscal policy also determines the distribution of resources between the public sector and the private sector and influences the distribution of wealth.
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| a screen or mat covered with a dark material for shielding a camera lens from excess light or glare. |
| a gadget; dingus; thingumbob. |
| fiscal policy | |
noun | |
| a government policy for dealing with the budget (especially with taxation and borrowing) |