Fiscal Incentives

Fiscal incentives are financial benefits provided by governments to encourage certain behaviors or activities, such as investment, innovation, or job creation. These incentives can include tax credits, deductions, reduced tax rates, or grants. By offering these benefits, governments aim to make specific projects more attractive for businesses or individuals, fostering economic growth and development. Essentially, fiscal incentives reduce the overall cost or increase the profitability of targeted actions, motivating stakeholders to participate in desired economic activities while supporting broader policy goals.