The fiscal policy is announced on a yearly basis, whereas the monetary policy is for the more time as it mostly changes with a change in the economic condition of the country. The fiscal policy do have the political influence, whereas no such political influence is made on the monetary policy.
Explanation:
The “fiscal policy “is administered and announced by the Ministry of Finance; it gives detailed policy regarding the revenue generated through taxes and the public expenditure for the upcoming year through this. On the other hand, the “monetary policy” is announced by the central bank to control and regulate the money supply within the economy. The fiscal policy directly tells about the economic growth of the country, whereas the monetary policy is more concerned with the economic stability of the country.
Answers & Comments
The fiscal policy is announced on a yearly basis, whereas the monetary policy is for the more time as it mostly changes with a change in the economic condition of the country. The fiscal policy do have the political influence, whereas no such political influence is made on the monetary policy.
Explanation:
The “fiscal policy “is administered and announced by the Ministry of Finance; it gives detailed policy regarding the revenue generated through taxes and the public expenditure for the upcoming year through this. On the other hand, the “monetary policy” is announced by the central bank to control and regulate the money supply within the economy. The fiscal policy directly tells about the economic growth of the country, whereas the monetary policy is more concerned with the economic stability of the country.
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