Fiscal reform

Fiscal reform refers to changes in government financial policies, particularly regarding taxation and public spending, aimed at improving economic stability and efficiency. It often seeks to enhance revenue collection, reduce budget deficits, and allocate resources more effectively. This can involve adjusting tax rates, broadening the tax base, cutting unnecessary expenditures, or increasing investment in critical areas like infrastructure and education. The goal is to create a fairer, more sustainable financial system that promotes growth while ensuring the government can meet its obligations and support public welfare.