meaning of fiscal policy

the policy formulated in relation to the government revenues with the view of enhancing the economic development by increasing, employment and leading the whole economy forward are known as fiscal policies. since development of monetary and capital markets of the developing and poor countries is negligible, the monetary policy undertaken by the central bank for the economic development cannot be successfully implemented. for this the government has to implement appropriate policy. with this as the central view and to improve the state of the economic, the government will formulate fiscal policy.so , the policy undertaken by the government for the management of government revenue, expenditure and loan to enhance economic stability and economic development in the economy is known as fiscal policy. the main objective of this is to establish economic stability in the economy by increasing output and employment as monetary policy undertaken by the central bank. the government undertakes various fiscal policies in order to make economic policies successful. various revenues, public expenditures and loans come under the fiscal policy undertaken by the government. with proper adjustment of such fiscal factors, output, employment, income, etc. can be increased in the economy.