Fiscal policy refers to all the means which influence the income and expenditure of the Government. Since most of the government income comes from taxation and most of the government expenditure goes to public expenditure, these two viz. taxation and public expenditure are main fiscal policy instruments. Any government policy stance that influences the government taxation and government spending -…
You need to be an IASPOINT member to access this content. Click Here for Membership details.
This article is a part of our content of Integrated UPSC /IAS General Studies - Target 2018 membership programme.