MACROECONOMICS

A central government other than maintaining law and order in the country is burdened with crucial duty to keep the country running smoothly in matters of money. One of the primary objectives of any country is to have enough money to keep its citizen happy to keep its economy running and keep its growth intact. I had come across a quote on one of the financial papers that said “Balancing your money is the key to have enough money”. This statement describes to me exactly what The government does. It balances its books today to have money tomorrow. In simple words, it plays with its fiscal policy.  For those who have heard about fiscal policy for the first time, It is a financial tool handy with the government just like a glass ball is for a witch. Essentially it is a gauging force that predicts the future for the government. It tells the government exactly how much to spend each financial cycle and how much it should aim to earn from the system in the form of tax revenue to keep us on th