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) |
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Revision as of 16:02, 12 December 2016
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.
