Statistics & Publication
Ghana: Fiscal Policy Responsiveness, Persistence and Discretion
Wednesday, 26 October 2011 10:04

Fiscal policy involves the use of government expenditure and taxation to influence the level and direction of economic activity in an economy. In periods of economic slowdown, fiscal authorities can prop up growth in economic activity by either increasing government spending or lowering taxes or do both whereas in times of overheated economy, government expenditure is lowered or taxes increased or both.

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