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Fiscal policy sets out a framework for national expenditure and income. It plays a vital role in economic growth. For example, if the government increases its spending on the countrys infrastructure like roads, it may stimulate job creation, which ultimately leads to more economic activity and growth.
Fiscal policy is a process by which the national government decides on the timing and composition of government spending and taxation. It is often the case that most governments will spend money and raise taxes in order to finance their expenditure. Fiscal policy is the process through which these financial activities are achieved.
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