Advantages and disadvantages of fiscal policy in western countries

The advantages and disadvantages of fiscal policy in western countries are as follows:

1. Advantages: Fiscal policy discretion is a short-term measure of countercyclical adjustment, which must be adjusted in a timely and appropriate manner with the changes of the action environment and objects. Camera choice is the key to fiscal policy. The choice of fiscal policy is based on the premise of correctly grasping the changes in the economic situation. The more accurate the judgment, the more decisive the decision, the more timely the regulation and control, and the more remarkable the effect. The discretionary fiscal policy also has its limitations. First of all, discretionary fiscal policy has a time lag, because it takes time to formulate and implement a policy, but the real economy is constantly changing and developing.

2. Disadvantages: Discretionary fiscal policy is time-delayed, because it takes time to formulate and implement a policy, but the real economy is constantly changing and developing.