What is the difference between fiscal policy & fiscal system
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Answer Posted / jyothsna banoth
The adjustable rate of government policy which influences
the changes like tax, welfare payment and government
spendings in the economy through budget is called Fiscal
Policy.
An equipment installed by the state/government/ruler to
take revenue in the form of taxes, dues and so on ...in
order to control the expenditure is called Fiscal System.
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