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1. Relating to public revenues; especially, the income from government fees: Some say that higher taxes on the salaries of the very rich would add more to the fiscal
or financial strength of the country.
2. Referring to national, state, or community expenditures and debt: The prudent fiscal
policies of Tom's city have saved it from further unnecessary spending.
3. Of or relating to financial matters in general: The governor of Erla's state will meet with his advisors to discuss fiscal
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Of or relating to money and especially to the money a government, business, or organization earns, spends, and owes: Greg asked, "William, what is the fiscal situation now of the firm that you own?"
Relating to the body of a person instead of the mind: Dr. Snow is interested in a person's physical health, not his mental health.
Because of the fiscal restraints at this budget time, investment in programs for the physical well-being of people may not happen.
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fiscal adjustment (s) (noun)
, fiscal adjustments (pl)
A reduction in a government budget deficit, which can result from a reduction in government expenditures, an increase in tax revenues, or both at the same time.
fiscal aggregate (s) (noun)
, fiscal aggregates (pl)
The total revenues, and total expenditures, of a government.
fiscal conservatism (s) (noun) (usually no plural)
A political term used to describe a policy that advocates avoiding deficit spending: Fiscal conservatism
usually considers the reduction of overall government spending and national debt; as well as, ensuring a balanced budget to be of major importance.
Free trade, deregulation of the economy, lower taxes, and other conservative policies are also often related to fiscal conservatism.
fiscal crisis (s) (noun)
, fiscal crises (pl)
When a unit of government has an excess of government spending over income and is unable to borrow to finance it: For a national government, a fiscal crisis is most likely a result of a large accumulated debt together with doubts about its ability or willingness to pay back that debt.
A deficit in the government budget of a country; and so, a budget deficit or an excess of government spending beyond the receipts the government gets from taxes.
Management of the government budget in order to avoid excessive fiscal deficits.
This is geared to restrain government spending and/or initiate a procedure to increase taxes.
The dampening effect on aggregate demand that occurs when an expanding economy creates additional tax revenues; especially, with a progressive income tax so it becomes an example of an automatic stabilizer.
Any policy involving the levels of government purchases, transfers, or taxes; which is usually specifically focused on domestic goods, residents, or firms.
A tax cut and/or an increase in government spending.
This program tends to increase aggregate demand and therefore the level of economic activity in the short run.