Author:
Kris Seago
Subject:
Political Science
Material Type:
Module
Level:
Community College / Lower Division
Tags:
Fiscal Policy, Texas
License:
Creative Commons Attribution Share Alike
Language:
English
Media Formats:
Graphics/Photos, Text/HTML

Fiscal Policy

Fiscal Policy

Overview

Fiscal Policy

Learning Objectives

By the end of this section, students will be able to

  • Define fiscal policy

By the end of this section, you will be able to

  • Define fiscal policy

Fiscal Policy

Fiscal Policy

In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.

The Texas Constitution requires that Texas operate under a balanced budget–Texas may spend not more than it collects. It may not deficit spend as national government does.