fiscal stance

fiscal stance

the government's underlying position in applying FISCAL POLICY, that is, whether it plans to match its expenditure and taxation revenues (a planned BALANCED BUDGET) or deliberately plans to spend more than it expects to receive in taxation revenues (a planned BUDGET DEFICIT), or deliberately plans to spend less than it receives in taxation revenues (a planned BUDGET SURPLUS). This represents the government's ‘discretionary’ fiscal policy Its actual budgetary position, however, can deviate from its fiscal stance insofar as, for example, recession will cause taxable incomes and expenditures to fall below expected levels and unemployment and other social security payments to increase above the expected level. Thus, without any actual change in the government's fiscal stance and tax rates set, the government's budget position and borrowing requirements can vary with the level of economic activity See PUBLIC SECTOR BORROWING REQUIREMENT.
References in periodicals archive ?
The positive change reflects a strong fiscal stance and favorable prospects for economic growth.
The sustained improvement of Maltas fiscal strength, on the back of a prudent fiscal stance and enhanced fiscal policy framework as well as Maltas strong medium-term growth prospects were the main drivers for this noteworthy upgrade.
According to the IMF, in recent years, the UAE's fiscal stance has become more supportive of the economic recovery with higher government spending.
Summary: London [Britain], July 10 (ANI): Financial information services major Fitch Ratings said on Wednesday that the Union Budget for 2019-20 outlines some economic reforms that could support the economy but its fiscal stance remains broadly unchanged with no plans for meaningful consolidation.
While stressing the need to ensure long-term debt sustainability, a modest expansionary fiscal stance, as implied by the 2019 Budget, was considered appropriate.
Activity in oil exporters has slowed due to weak oil sector output and the effects of intensified US sanctions on Iran, despite an easing of fiscal stance and positive prospects in non-oil sectors in some countries.
The recovery in oil prices in 2018 helped to narrow SaudiEe's fiscal deficit and enabled a loosening of the fiscal stance to support the economy and social stability, marking a shift of focus away from austerity towards a more growth-supportive fiscal policy.
A neutral medium-term fiscal stance should be ensured.
The UAE can afford a modest expansionary fiscal stance in the next few years given the large financial buffers and relatively low government debt.
Further, he says they are also intended to help them shape and guide the direction of the government's fiscal stance.Rep.
And the ministry said the board while reviewing the fiscal policy said there was a further sphere for tightening the fiscal stance.
"Growth continues to be underpinned by robust private consumption, a more expansionary fiscal stance and benefits from previous reforms," said the report.