Fiscal Policy

Definition: Fiscal Policy

Fiscal Policy

Noun

1. A government policy for dealing with the budget (especially with taxation and borrowing).

Specialty Definitions: Fiscal Policy

Domain	Definitions
Finance	The government management of the economy by varying the size and content of taxation, public debt, public expenditure, Government funds, etc. ; Gov't Economic stabilization policies designed to foster. . . high employment, stable growth + prices and balance of payments equilibrium, through changes in taxes and levels of Government spending(as distinct from monetary policy). Source: European Union. (references)
Source: compiled by the editor from various references; see credits.

Top

Specialty Definition: Fiscal policy

(From Wikipedia, the free Encyclopedia)

Fiscal Policy is the economic term which describes the behaviour of governments in raising money to fund current spending and investment for collective social purposes and for transfer payments to citizens and residents of the territory for which the government is responsible. The money may be raised by taxation, by borrowing, by fiat (ie the government declaring a particular token to be money and demanding that it be accepted in settlement of debts) or by user charges on social assets or services.

A government which wishes to borrow from foreign citizens will need to maintain accounts to allow potential creditors to assess its credit worthiness. These accounts are typically maintained on an annual basis giving rise to a fiscal year. In each fiscal year a government will have a total income (its revenue) and a total expenditure. The latter minus the former is the fiscal deficit (or fiscal surplus if negative). Year on year the fiscal deficit adds to (or reduces) outstanding government borrowing. If government debt is denominated in the government's own currency, then it will be devalued in line with the country's domestic inflation. Under crisis conditions a government may choose to default on (ie repudiate) its foreign (or more rarely) its domestic debt.

A government will pay interest on its outstanding debt. This must be paid out of revenue. For this reason a government will typically aim to ensure that its fiscal deficit averaged over the business cycle is no greater than the share of state spending of gross domestic product multiplied by the sustainable rate of growth of gross domestic product. The government's detailed decisions in this arena form its fiscal policy.

Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Fiscal policy."

Top

Synonym: Fiscal Policy

Synonym: Economic policy. (additional references)

Top

Crosswords: Fiscal Policy

English words defined with "fiscal policy": John Maynard Keynes ♦ Keynes. (references)

Specialty definitions using "fiscal policy": annual capital expenditures survey ♦ EDITORIAL WRITER, EXECUTIVE VICE PRESIDENT, CHAMBER OF COMMERCE ♦ Fiscal Bill, Fiscal Committee, Fiscal Deadline, Food, Agriculture, Conservation, and Trade Act of 1990 ♦ manager, chamber of commerce ♦ Sugar price support program. (references)

Top

Commercial Usage: Fiscal Policy

Domain	Title
Books	America's Search for Economic Stability: Monetary and Fiscal Policy Since 1913 (Twayne's Evolution of American Business Series, No 9) (reference) China's Return to Expansionary Fiscal Policy (Eai Occasional) (reference) Economic Globalization and Fiscal Policy (reference) Fiscal Policy and Economic Growth (reference) Fiscal Policy and Environmental Welfare: Modelling Interjurisdictional (reference) (more book examples)
Source: compiled by the editor from various references; see credits.

Top

Familiar Quotations: Fiscal Policy

Author	Quotation
President Franklin D. Roosevelt	Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy.
Source: compiled by the editor from various references.

Top

Non-Fiction Usage: Fiscal Policy

Subject	Topic	Quote
Business		For the moment, the contractionary fiscal policy, however, will also dampen GDP growth. (references)
		In the 1990s, German fiscal policy has also been driven by the financial exigencies of the country's reunification. (references)
		Economic reforms have taken place in the areas of banking and monetary policy, price structure, tax laws, land ownership, fiscal policy, and foreign trade legislation. (references)
Economic History	Georgia	Problems with fiscal policy affected macroeconomic conditions in recent years. (references)
	Finland	The government is expected to pursue a tight fiscal policy over the next few years. (references)
	Switzerland	Switzerland has liberal trade and investment policies and a conservative fiscal policy. (references)
Indigenous People	Indonesia	The laws provisions include: acknowledgement of the Government's shortcomings in governing Papua; acknowledgement of the special cultural identity of Papuans and recognition of indigenous rights; establishment of a Human Rights Commission to clarify the history of Papua; redirection a large percentage of local revenues from the central government to the province; and a stipulation that the provincial government has authority in all fields, except foreign policy, defense, monetary and fiscal policy, religion, and justice. (references)
Political Economy	SWITZERLAND	No systematic use is made of fiscal policy to stimulate the economy. (references)
	SWEDEN	Sweden uses both monetary and fiscal policy to achieve economic goals. (references)
Trade	Armenia	Despite slow export growth and a negative trade balance, inflation remains relatively low (1-5 percent annually), accomplished primarily through strict fiscal policy and dollar interventions by the Central Bank. (references)
Source: compiled by the editor from ICON Group International, Inc.; see credits.

Top

Speeches: Fiscal Policy

Speaker	Term	Phrase(s)
Jimmy Carter	1977-1981	I have declined to recommend such actions to stimulate economic activity, because the persistent inflationary pressures that beset our economy today dictate a restrained fiscal policy.
Source: compiled by the editor from various references.

Top

Frequency of Internet Keywords: Fiscal Policy

The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com.

Expression	Frequency per Day
fiscal policy	148
definition fiscal policy	10
fiscal policy us	9
article fiscal policy	8
expansionary fiscal policy	7
discretionary fiscal policy	6
current fiscal policy	5
contractionary fiscal policy	4
fiscal policy state united	4
fiscal policy u.s	3
bush fiscal policy	3
define fiscal policy	2
economics fiscal policy	2
australia fiscal policy	2
fiscal policy shortcoming	2
2003 fiscal policy	2
Source: compiled by the editor from various references; see credits.

Top

Modern Translations: Fiscal Policy

Language		Translations for "fiscal policy"; alternative meanings/domain in parentheses.
Danish		finanspolitik (financial policy). (various references)

Dutch		financiele politiek (financial policy), financiele overheidspolitiek (financial policy), budgetpolitiek (financial policy), begrotingspolitiek (financial policy). (various references)

French		politique fiscale (financial policy), politique financière (financial policy), politique budgétaire (financial policy). (various references)

German		Steuerpolitik. (various references)

Greek		δημοσιονομική πολιτική (financial policy). (various references)

Hungarian		költségvetési politika. (various references)

Italian		politica finanziaria (financial policy). (various references)

Japanese Kanji		財�"��"�策 , フィールド競技 (face, face sheet, face value, face-card, face-off, fade, fade ball, fade-in, fade-out, fatal, Federation Internationale de Nation Amateur cup, FI, fiance, fiction, field events, fielder's choice, fifty-fifty, figurative, figure, figure skating, Fiji, filament, filaria, filibuster, fill, fill-in, film, film library, film net, filter, filter-bank, filtering, fin, FINA cup, finale, finger, finger bowl, fingering, finish, Finland, fish, fish meal, fishing, fit, fitness, fitness shoes, fitting, fitting room, fix, fixed, fixer, fjord, FO, phase, Philadelphia, philanthropy, philharmonic, philharmonie, Philippines, Philips, philosophy, physical, physical protection, questionnaire that asks for a demographic profile, vinyl drainpipe with fins). (various references)

Japanese Katakana		フィスカルポリシー , ざいせいせいさく. (various references)

Pig Latin		iscalfay olicypay

Portuguese		politica financeira (financial policy). (various references)

Spanish		política financiera (financial policy). (various references)

Swedish		skattepolitik. (various references)
Source: compiled by the editor from various translation references.

Top

Misspellings: Fiscal Policy

Misspellings
	"Fiscal Policy" is suggested in spellcheckers for the following: fiscl policy. (additional references)
Source: compiled by the editor, based on several corpora (additional references).

Top

Anagrams: Fiscal Policy

Scrabble® Enable2K-Verified Anagrams
	Words within the letters "a-c-c-f-i-i-l-l-o-p-s-y"
	-4 letters: fiscally, socially.
	-5 letters: calcify, calicos, calypso, coalify, cyclops, fillips, focally, opacify, pacific, scallop, soapily, spicily.
	Words containing the letters "a-c-c-f-i-i-l-l-o-p-s-y"
	+3 letters: nonspecifically.
Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro.