Fiscal Policy

Definition

• The use of government spending and taxation policies to influence the economy.

Synonyms
taxation, economic policy, financial policy, government expenditure, tax and spend

Related Terms and Acronyms

• Bank of Canada (BC, BOC) — Company Est. 1935, Ottawa, Ontario, Canada, Important,
  • Canada's central bank.
  ➥ Canada's central bank.
• Central Bank — Definition,
  • An institution that manages a nation's monetary policy.
• Economic Growth — Definition,
  • The rate of change in output from one year to the next.
• Fiscal Deficit — Definition,
  • When the government spends more money than it receives in revenue over the course of one year.
• Fiscal Surplus — Definition,
  • When the government receives more in revenue than it spends over the course of the year.
• Macroeconomics — Definition,
  • A study of the economy as a whole, particularly the interaction of its various components.
• Microeconomics — Definition,
  • Looking at the individual parts of the economy, with emphasis given to the market process and how it works.
• Monetary Policy — Definition,
  • The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
• North American Free Trade Agreement (NAFTA) — Acronym,
  • An agreement between the United States, Canada, and Mexico that allows for freer trade between the three countries.
• Policy — Definition,
  • A set of rules or guidelines.
  • An insurance contract.
• Tax (TX) — Acronym,
  • A levy paid by an individual or entity that is collected by a government.
  ➥ Bank account transaction code.