Tightening fiscal policy is a kind of macro fiscal policy, referred to as tightening fiscal policy, which refers to the policy of restraining the growth of total social demand by increasing fiscal revenue or reducing fiscal expenditure.

Because the result of increasing revenue and reducing expenditure focuses on fiscal balance, tight fiscal policy is also called surplus fiscal policy.

Tight fiscal policy will generally reduce the currency circulation, which will reduce the risk of currency depreciation, thus reducing the risk of inflation.

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Reply time: 2021-11-02. Please refer to the latest business changes announced by Ping An Bank in official website.