Fiscal (fiscal) policy – measures of the government to change public spending, taxation and the state of the state budget, aimed at ensuring full employment, balance of payments equilibrium, economic growth in the production of non-inflationary GDP (GNP). The main instruments for the implementation of fiscal policy are tax and budget regulators. Tax regulators include […]
Tag: Balance
Budget deficit and public debt
Ideally, the total amount of government revenues should cover the amount of expenditure items of the state budget. In the event that budget expenditures are equal to revenues, the budget is considered balanced, if revenues exceed expenditures, there is a surplus of the state budget; when expenditures exceed revenues, then there is a deficit of […]