fiscal policy
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fiscal policy
All government measures that control a state's revenue, such as taxes and fees, and spending, such as on infrastructure and social services. It is a central part of economic policy and influences the entire national economy.
Die neue Regierung kündigte eine Reform der Finanzpolitik an, um die Staatsverschuldung zu senken.
The new government announced a reform of fiscal policy in order to reduce national debt.
The word is made up of 'Finanz-' (from 'die Finanzen' — finances) and 'Politik' (policy/politics). So it literally describes the policy that deals with a state's finances.
Die Finanzpolitik ist ein wichtiges Thema im Wahlkampf.
Fiscal policy is an important topic in the election campaign.
Common adjectives are 'expansive' (expansionary), 'restriktive' (restrictive), or 'solide Finanzpolitik' (sound fiscal policy). Typical verbs are 'eine Finanzpolitik betreiben' (to pursue a fiscal policy), 'gestalten' (to shape), or 'verfolgen' (to pursue).
Die Zentralbank verfolgt eine restriktive Finanzpolitik, um die Inflation zu bekämpfen.
The central bank is pursuing a restrictive fiscal policy in order to fight inflation.
This word belongs to the technical language of politics and economics. It is found mainly in the news, specialist articles, and political discussions.
In den Nachrichten wurde über die Finanzpolitik der Regierung berichtet.
The news reported on the government's fiscal policy.
economic policy
'die Wirtschaftspolitik' (economic policy) and 'die Finanzpolitik' (fiscal policy) both have to do with government decisions about the economy. 'Wirtschaftspolitik' is the broader term and includes many areas, such as work, companies, trade, or growth. 'Finanzpolitik' is part of it. It mainly means how the state takes in and spends money, for example taxes, debt, and spending on roads or social services. Learners may confuse the words because fiscal policy strongly influences the economy. As a guide: 'Wirtschaftspolitik' is the big picture, while 'Finanzpolitik' concerns the government budget.
Die neue Finanzpolitik sieht höhere Ausgaben für Schulen und Verkehr vor.
The new fiscal policy provides for higher spending on schools and transport.
Im Wahlkampf sprechen die Parteien viel über ihre Wirtschaftspolitik.
During the election campaign, the parties talk a lot about their economic policy.