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.

Example Sentences

The accord left the Treasury in charge of government spending and taxation, or fiscal policy.

From Barron's

He has said fiscal policy is the job of Treasury and Congress, while the Fed should stick to money.

From The Wall Street Journal

The Takaichi government is seeking to achieve a combination of a firm yen, loose fiscal policy and slow monetary tightening, he said.

From The Wall Street Journal

In Japan, a weaker yen appears to be a symptom of a broader economic and financial rebalancing underway as interest rates normalize, inflation picks up, economic green shoots appear, and Tokyo’s fiscal policies remain profligate.

From The Wall Street Journal

"The expected stimulus from economic and fiscal policy measures did not materialise quite as quickly or to the extent that we had assumed," Economy Minister Katherina Reiche told a Berlin press conference.

From Barron's