fiscal policy Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “fiscal policy” in the English Dictionary

"fiscal policy" in Business English

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fiscal policynoun [C or U]

uk   us   (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 ​economicactivity: A ​soundfiscalpolicyaimed at ​reducingdeficits in a ​sustainable way is necessary to ​growth and ​jobcreation.a loose/tight fiscal policy A ​loosefiscalpolicy would give the ​economy a badly needed ​short-termboost, 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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