{"id":26556,"date":"2015-03-10T16:53:20","date_gmt":"2015-03-10T16:53:20","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=26556"},"modified":"2024-04-03T13:22:53","modified_gmt":"2024-04-03T07:52:53","slug":"fiscal-policy","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/fiscal-policy\/","title":{"rendered":"Fiscal Policy"},"content":{"rendered":"<p style=\"text-align: center\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/Fiscal-Policy.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26631\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/Fiscal-Policy.jpg\" alt=\"Fiscal Policy\" width=\"214\" height=\"235\" \/><\/a><\/p>\n<p>Fiscal policy is the use of government spending and tax policies to affect the level of economic avtivity. It is a sister strategy to monetary policy. According to Keynesian economics, when the government changes the levels of taxation and government spending, it influences aggregate demand and the level of economic activity.<\/p>\n<p>There are two types of fiscal policy:<\/p>\n<ol start=\"1\">\n<li>\u00a0Expansionary fiscal policy<\/li>\n<li>\u00a0Contractionary fiscal policy<\/li>\n<\/ol>\n<p>Expansionary \u00a0policy is the most widely used fiscal policy. It is usually undertaken during recession. In this policy, the government either increases its spending , decreases taxes or both. These measures increase the income levels of individuals which results in increased spending. This boosts demand.<\/p>\n<p>Contractionary policy is basically used to wipe out inflation. In this case, taxes are increased and spending is decreased. This helps in decreasing the aggregate demand.<\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiscal policy is the use of government spending and tax policies to affect the level of economic avtivity. It is a sister strategy to monetary policy. According to Keynesian economics, when the government changes the levels of taxation and government spending, it influences aggregate demand and the level of economic activity. There are two types&#8230;<\/p>\n","protected":false},"author":855,"featured_media":26631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[2559,1034,1036,2370],"class_list":["post-26556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-govt","tag-policy","tag-taxation","tag-types"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Fiscal Policy ? - Vskills Blog<\/title>\n<meta name=\"description\" content=\"What is Fiscal Policy and what are its types?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/fiscal-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Fiscal Policy ? 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