What is the difference between fiscal policy & fiscal system
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Answer Posted / oziwele
fiscal system is an arrangement or institutional framework which exist in a society for making budgetary decision of raising revenue incurring expenditure and engaging in debt
while
fiscal policy is taken to refer to the part of government policy concern the raising of revenue through taxation and other means and deciding on the level and pattern of expenditure for the purpose of influencing economic activities or obtaining some desirable micro economic goals.
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