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Meaning of fiscal drag | Babel Free

Noun CEFR B2

Definitions

The deflationary pressure on the economy that results from the government's net fiscal position (spending minus taxation) failing to cover the net savings desires of the private economy.

countable, uncountable

Equivalents

Italiano fiscal drag

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

fiscal law fiscal office fiscal policy fiscal stamp fiscal year fiscalamity

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