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What is Fiscal Policy: Stabilizing the Economy about?

Fiscal policy is a tool used by the Commonwealth Government to adjust expenditure and revenue to achieve economic objectives such as growth, inflation control, and unemployment reduction. The budget outcomes can be balanced, in deficit, or in surplus, and the government aims for fiscal balance over the business cycle while employing counter-cyclical strategies. Methods for financing deficits include borrowing, printing money, and selling assets, while surpluses can be used to pay down debt or establish spec

Author

shreyas.gaonkar

Language

EN