Why do a government need fiscal policy?
In: Economics
For much the same reason businesses or even normal butt people need fiscal policy. You need to track your expenses and have a savings and spending plan in order to keep your operations afloat and stay out of bankruptcy. If you’re not budgeting and planning for the future and you overspend it starts causing a lot of problems for your population. On the other hand if you’re saving every penny that comes your way then you’re missing out on opportunities to make things better.
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