Definition of Fiscal Autonomy?


Fiscal autonomy in public economics is defined as guarantee given to certain units of the government by the constitution. It is concerned with understanding which instruments and functions are best centralized and which ones are best decentralized in the government levels.
Q&A Related to "Definition of Fiscal Autonomy?"
Autonomy (noun) 1. independence or freedom, as of the will or one's
Although taxation raises revenue for the government, imposing taxes can influence the nation's economic life in other ways. Taxes imposed on consumer goods tend to discourage consumers
Expansionary fiscal policy refers to policies aimed at increasing demand and thus output. This is done by expanding/increasing government expenditure, reducing taxes or doing a bit
autonomy: immunity from arbitrary exercise of authority: political independence; personal independence
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