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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 agency agreementFiscal agency agreementAn alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as a representative of the borrower. Fiscal year endFiscal year endThe end of a 12-month accounting period. 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. Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA)Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA)Legislation to increase tax revenue by eliminating various taxation loopholes and instituting tougher enforcement procedures in collecting taxes. Fiscal deficitFiscal deficitA deficit in the government budget of a country. Further SuggestionsTEFRA (Tax Equity and Fiscal Responsibility Act of 1983)fiscal year Fiscal year (FY) |
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