Meaning of the word "Expansionary fiscal policy" in English
What does "Expansionary fiscal policy" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
Expansionary fiscal policy
US /ɪkˌspænʃəˈnɛri ˈfɪskəl ˈpɑləsi/
UK /ɪkˌspænʃənəri ˈfɪskəl ˈpɒləsi/
Phrase
a macroeconomic policy that seeks to encourage economic growth by increasing government spending or decreasing taxes
Example:
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The government implemented an expansionary fiscal policy to combat the recession.
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Critics argue that expansionary fiscal policy can lead to increased national debt.