Fiscal Policy
Fiscal policy refers to the use of government spending and taxation to influence a country's economy, aiming to achieve macroeconomic objectives such as economic growth, price stability, and full employment. It involves decisions on government budgets, public expenditure, and revenue collection to manage aggregate demand and address economic fluctuations. This policy is typically implemented by national governments and legislative bodies, often in coordination with monetary policy.
Developers should learn about fiscal policy when working in fields like economic modeling, public sector technology, or financial software, as it helps understand how government actions impact markets, inflation, and business cycles. It's particularly relevant for roles involving data analysis, policy simulation tools, or applications in fintech and government services, where economic context is crucial for decision-making and system design.