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

If Beijing is to jump out of its reactive policy mode, fiscal policy needs to take the front seat in driving demand, with monetary easing mainly to help facilitate government borrowing, economists said.

From The Wall Street Journal

“This would enable her to advance further expansionary fiscal policies and lead to higher yields at the long end of the curve,” the rates strategist adds.

From The Wall Street Journal

One reason he cites is that many countries’ monetary and fiscal policies are more disciplined than they were in the past—and low valuations also help.

From Barron's

"A combination of very weak consumer confidence, highly adverse government fiscal policies and continued cost inflation is causing many established and much-loved businesses to suffer badly," Modella said.

From BBC

Policymakers have pledged to maintain proactive fiscal policy and deploy monetary tools, but headline lending figures still look underwhelming.

From Barron's