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fiscal policy - Coggle Diagram
fiscal policy
direct taxes
income tax
national insurance
capital gains
inheritance tax
corporation tax
purpose of government spending
social protection
education
healthcare
defence, law and order
debt interest
costs of fiscal policy
opportunity cost
consumers spend extra income
firms spend extra money on imports
inflation rises if supply can't keep up with supply
fiscal policy for economic objectives
rise in economic growth
lower unemployment
price stability
government budgets
balanced budget
budget deficit
budget surplus
indirect taxes
VAT
excise duties
custom duties
benefits for fiscal policy
reduced unemployment
economic growth increases
faster acting