Fiscal policy:...
All actions and administrative measures of the government which are related to revenue and expenditure are called"Fiscal policy".
Instruments of Fiscal policy.
⚫Government Expenditures
⚫Direct and indirect Taxes
⚫Deficit Financing
⚫Subsidies
⚫Transfer payment.
⚫Objective of Fiscal policy.
⚫▪️To keep the prices stable .To eliminate inflation and scarcity of money.
⚫▪️To maintain consumption at standard level.
⚫▪️To decrease the gap in income.
⚫▪️To take steps for economic progress.
⚫▪️To achieve the level of full payment
⚫▪️To eliminate loss in the balance of payments