Government’s plan of action on public spending and revenue. Spending refers to the money used in the management of a business that involves a reduction in the company’s equity. In a broad sense, income also includes returns from portfolio investments and fixed-term deposits, as well as ancillary or atypical income. Taxation is also included in fiscal policy, such as indirect taxes and direct taxes.
« Back to Glossary IndexFiscal Policy
« Back to Glossary Index