Fiscal policies refer to the government's use of taxation and spending to influence the economy. It involves decisions made by the government regarding how much money to collect in taxes and how that money should be spent.
Related terms
Monetary Policy: Monetary policy refers to the actions taken by a central bank, such as the Federal Reserve in the United States, to control the supply of money and interest rates in order to stabilize the economy.
Budget Deficit: A budget deficit occurs when a government spends more money than it collects in revenue during a specific period.
Government Revenue: Government revenue refers to the funds collected by governments through various means, including taxes, fees, and fines.