ISLAMIC MACROECONOMICS
FISCAL POLICY
, FISCAL POLICY
Fiscal policy is the use of government expenditures and
revenues to help nations achieve desirable macroecono
objectives.
It involves deliberate or automatic changes in governm
spending levels and taxation to stimulate aggregate de
and economic activity levels.
Classical economists assert that markets function best w
minimal government intervention. It was suggested tha
markets would generally regulate themselves when free
coercion
, FISCAL POLICY
FRAMEWORK
Most of scholars agree that there are no objection
use of fiscal policy to fulfil macroeconomics goals
Objectives of fiscal policy in an Islamic economy d
from those in conventional economies
Framework of fiscal policy in Islamic economy m
reflect the philosophical foundations of Islam –
attention to a more holistic nature of well-being -
material and spiritual
FISCAL POLICY
, FISCAL POLICY
Fiscal policy is the use of government expenditures and
revenues to help nations achieve desirable macroecono
objectives.
It involves deliberate or automatic changes in governm
spending levels and taxation to stimulate aggregate de
and economic activity levels.
Classical economists assert that markets function best w
minimal government intervention. It was suggested tha
markets would generally regulate themselves when free
coercion
, FISCAL POLICY
FRAMEWORK
Most of scholars agree that there are no objection
use of fiscal policy to fulfil macroeconomics goals
Objectives of fiscal policy in an Islamic economy d
from those in conventional economies
Framework of fiscal policy in Islamic economy m
reflect the philosophical foundations of Islam –
attention to a more holistic nature of well-being -
material and spiritual
