What is the difference between the fiscal and financial policy in terms of the method to make a balance between income and expenditure?

When you speaking about financial policy its mean there is no period limitation. and when you speaking about fiscal policy its mean these are the policies that remain effective during a specific financial period or calendar.

Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a central bank influences a nation's money supply

 

Financial policy refers to policies related to the regulation, supervision, and oversight of the financial and payment systems, including markets and institutions, with the view to promoting financial stability, market efficiency, and client-asset and consumer protection. Source Publication:

 

financial, fiscal and monetary

financial

relating to finance, which is the commercial activity of providing funds and capital, or to put it the other way, the ways in which individuals and organizations raise money.

 

fiscal

relating to financial matters, especially government tax revenues and government expenditure and debt

 

monetary

relating to the money supply: the amount of money in circulation, its rate of growth, and interest rates

Fiscal policy is an aspect of public finance, of making and financing government expenditures. It is distinguished from other aspects of public finance in being concerned with decisions about certain “over-all” variables—such as total expenditures, total revenues, and total surplus or deficit—in terms of their “over-all” effects—such as their effects on national income, total employment, and the general level of prices.

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Public finance is the identification of public spending and the fields first and then the State to limit the amount you need money (revenue) to fund these expenditures verifies balance by revenue expenditure dependency, because of the state are important possibilities to obtain multiple and available revenues, while in the private financial verifies this balance dependency expenditure of revenue as the per capita income is determined by how much they can spend the latter.

Finance policy is mainly concerned with the management of interest rates and the total supply of money in circulation. While, fiscal policies is to target the total level of spending plus the total composition of spending.

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