fiscal
English meaning: Fiscal
English Definition
(English)Fiscal policy uses government revenue (taxes) and expenditure (spending) to influence the economy. Expansionary fiscal policy (tax cuts or increased spending) stimulates growth during recessions; contractionary fiscal policy (tax rises or spending cuts) reduces inflation. India's Union Budget, presented annually in Parliament, is the primary fiscal policy document. The Fiscal Responsibility and Budget Management (FRBM) Act caps the fiscal deficit.
English Definition
Relating to government finances — taxation, spending, borrowing, and debt. Fiscal policy is one of two main macroeconomic policy tools (the other being monetary policy), used to influence aggregate demand, employment, and growth.
Example
“India's fiscal deficit — the gap between government revenue and expenditure — is targeted at 4.5% of GDP, with pressure to consolidate without undermining growth.”
In English: “India's fiscal policy must balance deficit reduction with maintaining adequate public investment for growth.”
Synonyms
- budgetary
- financial
- treasury-related
Antonyms / Opposites
- monetary
Literary Heritage
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness.”
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness.”
Images
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Language information
- Language
- English
- English
- Script
- Latin
- Family
- Indo-European
- Speakers
- 1.5B