👉 Fiscal math involves balancing government revenues and expenditures to ensure financial stability and sustainable economic growth. It starts with calculating total revenue, primarily from taxes, fees, and other income sources, and then compares it to total expenditures, including spending on public services, infrastructure, defense, and social programs. The goal is to maintain a balanced budget, where revenues equal expenditures, or achieve a surplus when revenues exceed spending. However, this is often complicated by economic cycles, inflation, and unpredictable events like natural disasters or pandemics. Fiscal math also considers long-term implications, such as national debt and intergenerational equity, aiming to avoid excessive borrowing that could burden future taxpayers. Effective fiscal management requires precise calculations and strategic planning to promote economic health while meeting societal needs.
