The objectives of Fiscal policy in
developed country is different from those in underdeveloped
countries. The main objective of fiscal policy in developed
countries is maintaining economic stability. Economic development is the main objective in
underdeveloped countries.
The
main objectives of fiscal policy are as follows:
1) Stability
2) Growth
3) Equity
Economic
Stability
Providing
stability to the process of growth and development is the key role of fiscal
policy in any economy.
Economy
stability means that the level of economic activity is maintained at a stable
level so that there are no fluctuations in output and employment.
