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

Among the CFO’s duties would be preparing the city budget, advising the mayor on fiscal policy and producing revenue forecasts — duties currently under the CAO.

From Los Angeles Times

Sixty years later, “Taxman” remains one of the rare pop songs about fiscal policy—and the catalog behind it is proof that intellectual property, once organized, can outlast its creators and compound for generations.

From The Wall Street Journal

To ease such concerns, Takaichi on Wednesday repeated her mantra of having a "responsible, proactive" fiscal policy and promised to reduce debt.

From Barron's

But a landslide victory in snap elections this month gives the Japanese prime minister a powerful mandate for what she describes as a “responsible, proactive fiscal policy” to remake the economy.

From Barron's

“We are likely to see another major correction in April-June when fiscal policy will be the focus,” the rates strategist adds.

From The Wall Street Journal