Fiscal drag: Difference between revisions
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imported>Doug Williamson (Create the page. Source: FT lexicon http://lexicon.ft.com/Term?term=fiscal-drag) |
imported>Doug Williamson (Classify page.) |
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* [[Fiscal risk]] | * [[Fiscal risk]] | ||
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Latest revision as of 14:35, 1 July 2022
Fiscal drag is the tendency of the proportion of taxation to rise when an economy is growing.
Fiscal drag helps to slow consumer spending and corporate activity, and thus acts as a counterbalance to unrestrained growth.
