Question

Recent fiscal policy of government of india to control inflation

Answer 1

Fiscal policy means the use of taxation and public expenditure by the government for stabilization or growth of the economy.According to Culbarston, “By fiscal policy we refer to government actions affecting its receipts and expenditures which ordinarily as measured by the government’s receipts, its surplus or deficit.” The government may change undesirable variations in private consumption and investment by compensatory variations of public expenditures and taxes.

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