fiscal policy

Cultural  

1. The policy of a government in controlling its own expenditures and taxation, which together make up the budget.

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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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fiscal policy

But particularly in the 1970s and 1980s, American politicians started losing their sense of shame about deficits, argues Joseph Thorndike, an American historian of tax and fiscal policy.

From The Wall Street Journal ● Oct. 31, 2026

Years of undisciplined fiscal policy have doubled the debt-to-GDP ratio over the past two decades to over 100% in the U.S.

From MarketWatch ● Sep. 15, 2026

They’re costly, no doubt, but their cost is manageable within the confines of federal fiscal policy.

From Los Angeles Times ● Sep. 1, 2026

Currency interventions that aren’t backed by a shift in central bank policy or fiscal policy historically buy weeks but can fizzle out after that.

From The Wall Street Journal ● Aug. 4, 2026

The fiscal policy of the Spanish government was in early years not unfavorable to Cuba.

From The History of Cuba, vol. 1 by Willis Fletcher Johnson

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