Hey Guys!!!!

I just wanna Know what is the meaning of fiscal policy... i have heard this term many times and i just can't understand it's meaning.

Fiscal policy is the budgetary policy of the government relating to taxes, public expenditure, public borrowing and deficit financing. The major anti-inflationary fiscal measures include (a) increase in taxation, (b) reduction in public expenditure, (c) increase in public borrowing, and (d) control of deficit financing.


Regards,