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English definition of “fiscal policy”

fiscal policy

noun [C or U]
 
 
(plural fiscal policies) (also budgetary policy)
ECONOMICS, GOVERNMENT a government's plan for deciding how much money to borrow and to collect in taxes, and how best to spend it, in order to influence the level of economic activity: A sound fiscal policy aimed at reducing deficits in a sustainable way is necessary to growth and job creation.a loose/tight fiscal policy A loose fiscal policy would give the economy a badly needed short-term boost, but would fail to deal with a variety of deeper problems.
(Definition of fiscal policy from the Cambridge Business English Dictionary © Cambridge University Press)
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