Who formulates fiscal policy?

Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a central bank influences a nation's money supply.

ppt on fiscal policy
 
In India, Fiscal Policy is formulated by the Ministry of Finance. Fiscal policy is playing an important role on the economic and social front of a country. Traditionally, fiscal policy is concerned with the determination of state income and expenditure policy.
 
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