Fiscal example sentences

The same fiscal measures can give rise to a large or small deficit, depending on the state of the economy.The Medium-term Fiscal Policy Statement sets a three-year rolling target for specific fiscal indicators and examines whether revenue expenditure can be financed through revenue receipts on a sustainable basis and how productively capital receipts including market borrowings are being utilised.The major economic activities of the government that affect the aggregate demand for final goods and services can be summarized by the fiscal variables Tax (T) and Government Expenditure (G), both autonomous to our analysis.Fiscal deficit is the difference between the government's total expenditure and its total receipts excluding borrowing.One of Keynes's main ideas in The General Theory of Employment, Interest and Money was that government fiscal policy should be used to stabilise the level of output and employment.The central government must ensure inter-generational equity, longterm macro-economic stability by achieving sufficient revenue surplus, removing fiscal obstacles to monetary policy and effective debt management by limiting deficits and borrowing.The Macroeconomic Framework Statement assesses the prospects of the economy with respect to the GDP growth rate, fiscal balance of the central government and external balance When a government spends more than it collects by way of revenue, it incurs a budget deficit There are various measures that capture government deficit and they have their own implications for the economy.We must note that larger deficits do not always signify a more expansionary fiscal policy.Along with the budget, three policy statements are mandated by the Fiscal Responsibility and Budget Management Act, 2003 (FRBMA).The Fiscal Policy Strategy Statement sets the priorities of the government in the fiscal area, examining current policies and justifying any deviation in important fiscal measures.The central government to lay before both Houses of Parliament three statements – Medium-term Fiscal Policy Statement, The Fiscal Policy Strategy Statement, The Macroeconomic Framework Statement along with the Annual Financial Statement.Section 3 deals with fiscal policy and the multiplier process within the income expenditure approach described earlier.A high fiscal deficit is accompanied by higher demand and greater output and, therefore, need not be inflationary.The Reserve Bank of India must not subscribe to the primary issues of central government securities from the year 2006-0 Measures to be taken to ensure greater transparency in fiscal operations.In the process, fiscal policy creates a surplus (when total receipts exceed expenditure) or a deficit budget (when total expenditure exceed receipts) rather than a balanced budget (when expenditure equals receipts).