Business Cycle and Fiscal Policy
A fiscal year or financial year or sometimes budget year is used in government accounting which varies between countries and for budget purposesIt is also used for financial reporting by businesses and other organizations. Its one of the major ways governments respond to contractions in the business cycle and prevent economic recessions. What Is Business Cycle Definition Internal And External Causes An expansionary fiscal policy seeks to spur economic activity by putting more money into the hands of consumers and businesses. . Fiscal policy is one of the key ways that governments attempt to regulate and influence the economy. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally not the reporting period to align.
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