If a government gets the fiscal policies right, they get to work on the rest of policy ideas like education and health.Why do you think this is important? What are the major policy problems surrounding budget deficits and surpluses? What is a budget surplus and a budget deficit? What is the difference between deficits and debt? If you were your country's leader, what would you do? How would you do it? Keep in mind you want to get reelected, and you want the economy to keep growing.

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Fiscal Policy as the Foundation Why it Matters A sound fiscal policy involving responsible government spending and taxation acts as the bedrock for a healthy economy It impacts various aspects like in... View the full answer