Budgetary policy refers to government attempts to run a budget in equity or in surplus. The aim is to reduce the
public debt
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit oc ...
.
It is not the same as a
fiscal policy
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables ...
, which deals with the fiscal stimulus to the economy, the repartition of taxes and the generosity of allowances.
Government budgets
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