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Fiscal policy

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fiscal policy is the income and expenditure policy of the government. Government needs money to run the Country’s administration, to provide facilities to the people and the business, to undertake the developmental activities and so on tax is the main source of income for any government. The type of taxes government imposes has a greater bearing on development of the various sectors of the economy. Government uses taxation as a tool for regulating economic activities in the country with in the framework of overall policy objectives. Government expenditures are another tool. Governments’ spending has a bearing on the standard of living of the people, the business environment, the growth of various sectors, etc. the fiscal policy of a country finds its expression in government budget.
The adjective ‘fiscal’ is derived from the noun “fisc” (from Latin fiscus.). Fisc means a state or state treasury. The word fiscal, therefore, refers to all matters pertaining to state treasury, particularly its source of revenues and its patterns of expenditures. Accordingly fiscal ‘policy deals with government’s

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