Fiscal plan
A fiscal plan outlines how a government intends to manage its finances over a specific period, typically including details on revenue (like taxes) and expenditures (like spending on services and infrastructure). It aims to balance budgets, support economic growth, and address public needs while considering factors like debt and inflation. By setting priorities and targets, a fiscal plan helps ensure that funds are used effectively and sustainably, guiding decisions that impact the economy and the well-being of citizens.
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A fiscal plan is a strategy that outlines how a government, organization, or individual will manage their financial resources over a certain period. It involves setting revenue goals, such as taxes or sales, and expenses, like public services or infrastructure projects. The plan ensures that funds are allocated efficiently to achieve economic growth, stability, and sustainability. By forecasting future financial conditions and outlining spending priorities, a fiscal plan helps guide decision-making and maintain financial health, balancing income against expenditures while aiming to minimize debt and promote overall economic well-being.