what is budgetary policy?
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Budgetary policy definition: → fiscal policy.
Explanation:
Budgetary policy refers to government attempts to run a budget in equilibrium or in surplus. The aim is to reduce the public debt. It is not the same as a fiscal policy, which deals with the fiscal stimulus to the economy, the repartition of taxes and the generosity of allowances.
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Budgetary policy refers to the government attempts to run a budget in equilibrium or in surplus.
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