Fiscal Policy
Overview
Fiscal Policy
Learning Objectives
By the end of this section, students will be able to
- Define fiscal policy
By the end of this section, you will be able to
- Define fiscal policy
Fiscal Policy
Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.
The Texas Constitution requires that Texas operate under a balanced budget–Texas may spend not more than it collects. It may not deficit spend as national government does.