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 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)