👉 The term "fiscal" in this context refers to the concept of government spending and taxation, particularly within a country's economic system. It is often used to describe how governments allocate resources between different areas such as defense, social services, infrastructure, and public goods. Fiscal policy can be divided into two main types: fiscal policy (which involves the use of taxes and regulations) and fiscal management (which focuses on managing the budget and spending). In a more general sense, fiscal policy refers to
