fiscal policy
noun[CorU]
ukuspluralfiscal policies(alsobudgetary policy)ECONOMICS,GOVERNMENT
a government'splanfordecidinghow muchmoneytoborrowand tocollectintaxes, and howbesttospendit, inordertoinfluencethelevelofeconomicactivity:
Asoundfiscalpolicyaimedatreducingdeficitsin asustainableway isnecessarytogrowthandjobcreation.
a loose/tight fiscal policyAloosefiscalpolicywould give theeconomyabadlyneededshort-termboost, but wouldfailtodealwith avarietyofdeeperproblems.