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fiscal policy

fiscal policy

21 4.5
Government plans for taxes, spending and borrowing to help control the economy
  • noun
  • /ˈfɪskəl ˈpɑlɪsi/
  • Specialized
translation icon : política fiscal
  • The government is implementing a new fiscal policy aimed at boosting economic growth through increased public spending.
  • monetary and fiscal policy
  • expansionary fiscal policy
  • government fiscal policy

Debt, deficits and and the budget, that's fiscal policy.

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Examples

  • The resulting convergence of monetary and fiscal policies will lead to greater exchange rate stability.

    Academic text (1990)
  • Another major factor that could be responsible for higher growth is the expansionary fiscal policy of the government.

    Academic text (1997)
  • The government has done has done a reasonable job on the first part of the fiscal policy, the spending part.

  • What we really need is better fiscal policy to help those who are impacted.

  • So whatever fiscal policies governments put in place, they should have women as very, very clear targets.

  • The recessionary consequences can be seen clearly in the state's fiscal policies.

    Academic text (1991)
  • As I wrote two years ago in my political credo, fiscal policy is also moral in nature.

    Blog text (1)
  • First as prime minister and then as president, Putin stuck to the sound fiscal policies that Primakov had put in place.

    Academic text (2008)
  • In either case, we are adopting pro-cyclical fiscal policies that make the recession worse.

    Blog text (12)
  • Each project is profoundly influenced by social, educational, political, and fiscal policies that either facilitate or impede its progress.

    Academic text (1993)

How Expansionary

compensatory spending
  • Specialized
7.7
fiscal policy
  • Specialized
21 4.5
austerity
  • Literature
97 7.4

Surface Forms

fiscal policy singular

Morphology

fiscal + policy

The meaning ('government policy on taxation, spending, and borrowing') is directly derivable from combining 'fiscal' (relating to government revenue and spending) with 'policy' (a guiding plan or principle). This is a straightforward compositional relation, common across many languages, so a learner who knows both constituents can infer the MWE's meaning.

Etymology

Fiscal policy comes from the idea of the government's money 'purse' or box, and fiscal points to that state money. So, fiscal policy means the choices a government makes about 'tax', 'spend', and 'borrow' to help the economy grow or to slow it down.