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fiscal policy |
Also found in: Financial, Encyclopedia, Wikipedia | 0.03 sec. |
fiscal policyThat part of government policy concerning taxation and other revenues, public spending, and government borrowing (the public sector borrowing requirement).
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A combination of expansionary fiscal policy, low interest rates, favorable financial conditions, high productivity growth and falling energy prices are all contributing to continued expansion," said Michael Decker, senior vice president and head of policy and research at the Association. The impact of China's expansionary fiscal policy peaked in 1998-2000, and has been diminishing since. This employment strategy enabled the government to avoid increased levels of welfare state expenditures; in other words, it avoided expansionary fiscal policy but had a negative economic impact. |
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