definition of Fiscal Management?

Answer 1

Fiscal mgt is closely linked to fiscal policy, which in short is how the govt stabilises the economy through its collection of taxes and its spending.

Definition of Fiscal Policy
Decisions by the President and Congress, usually relating to taxation and government spending, with the goals of full employment, price stability, and economic growth. By changing tax laws, the government can effectively modify the amount of disposable income available to its taxpayers. For example, if taxes were to increase, consumers would have less disposable income and in turn would have less money to spend on goods and services. This difference in disposable income would go to the government instead of going to consumers, who would pass the money onto companies. Or, the government could choose to increase government spending by directly purchasing goods and services from private companies. This would increase the flow of money through the economy and would eventually increase the disposable income available to consumers. Unfortunately, this process takes time, as the money needs to wind its way through the economy, creating a significant lag between the implementation of fiscal policy and its effect on the economy.

Fiscal policy
A government policy for controlling the federal budget through, taxes, spending and borrowing, in order to stimulate or stabilize the economy. Fiscal policy is essentially determined by Congress and the president, who are the chief budget creators

Answer 2

Fiscal Management Definition

Answer 3

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definition of Fiscal Management?