Government spending policies that influence macroeconomic conditions. Through fiscal policy, regulators attempt to improve unemployment rates, control inflation, stabilize business cycles and influence interest rates in an effort to control the economy. Fiscal policy is largely based on the ideas of British economist John Maynard Keynes (1883–1946), who believed governments could change economic performance by adjusting tax rates and government spending.
We have all be eager to see the budget and how it would impact our budget. With the new financial decisions doled out by the finance minister stating the impact of certain investments, there have been several questions raised over its tax implications. In today’s world arguably, the question whether to save or not does not arise as there are several who still believe in parking in their funds in liquid assets