fiscal policy
noun [ C or U ]
ukusplural fiscal policies (also budgetary policy) ECONOMICS, GOVERNMENT
a government's plan for deciding how much money to borrow and to collect in taxes, and how best to spend it, in order to influence the level of economic activity:
A sound fiscal policy aimed at reducing deficits in a sustainable way is necessary to growth and job creation.
a loose/tight fiscal policy A loose fiscal policy would give the economy a badly needed short-term boost, but would fail to deal with a variety of deeper problems.