Meaning of the word "fiscal policy" in English

What does "fiscal policy" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

fiscal policy

US /ˈfɪs.kəl ˈpɑː.lə.si/
UK /ˈfɪs.kəl ˈpɑː.lə.si/
"fiscal policy" picture

Noun

1.

the use of government spending and revenue collection to influence the economy

Example:
The government announced new fiscal policy measures to stimulate growth.
Understanding fiscal policy is crucial for economic stability.
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