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Fiscal policy |
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Fiscal policyAny macroeconomic policy involving the levels of government purchases, transfers, or taxes, usually implicitly focused on domestic goods, residents, or firms. A fiscal stimulus is an increase in purchases or transfers or a cut in taxes.Fiscal policyGovernment spending and taxing for the specific purpose of stabilizing the economy.Fiscal policyThe use of spending and taxation by the government in order to achieve its economic objectives. Put simply, higher taxation reduces people's disposable income, and suppresses spending which is supposed to make inflation less likely.Similar MatchesFiscal yearFiscal yearThe twelve month period commencing 6th April and ending 5th April the following year. Fiscal year (FY)Fiscal year (FY)Accounting period covering 12 consecutive months over which a company determines earnings and profits. The fiscal year serves as a period of reference for the company and does not necessarily correspond to the calendar year. TEFRA (Tax Equity and Fiscal Responsibility Act of 1983)TEFRA (Tax Equity and Fiscal Responsibility Act of 1983)The law requiring federal income tax withholding on payments of dividend and dividend to accounts without a certified tax identification number on file. See: dividend. Fiscal agency servicesFiscal agency servicesServices performed by the Federal Reserve Banks for the U.S. government. These include maintaining deposit accounts for the Treasury Department, paying U.S. government checks drawn on the Treasury, and issuing and redeeming savings bonds and other government securities. Fiscal agency agreementFiscal agency agreementAn alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as a representative of the borrower. Further SuggestionsTax Equity and Fiscal Responsibility Act of 1982 (TEFRA)Fiscal year end Fiscal deficit |
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