fiscal policy

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

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

Given those hurdles, the IMF said China's "fiscal policy stance remains appropriately expansionary".

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“To the extent that investment is irreversible and subject to fixed upfront costs,” Azzimonti writes, then uncertainty about fiscal policy “induces delays in investment decisions.”

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The IMF will hold press conferences to discuss its regular trio of reports focused on the health of the global economy, fiscal policy, and global financial stability.

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The yen slides as investors bet Sanae Takaichi’s victory in the leadership election of Japan’s ruling Liberal Democratic Party will result in an expansion of fiscal policy and lead to lower interest rates.

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It’s a tricky balancing act: Uncertainty about fiscal policy, high household debt and Thai baht volatility back a wait-and-see approach.

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