Download the app
educalingo
Search
The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half.
Mark Zandi

Meaning of "fiscal drag" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF FISCAL DRAG

fiscal drag play
facebooktwitterpinterestwhatsapp

GRAMMATICAL CATEGORY OF FISCAL DRAG

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Fiscal drag is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES FISCAL DRAG MEAN IN ENGLISH?

Fiscal drag

Fiscal drag happens when the government's net fiscal position fails to cover the net savings desires of the private economy, also called the private economy's spending gap. The resulting lack of aggregate demand leads to deflationary pressure, or drag, on the economy, essentially due to lack of state spending or to excess taxation. One cause of fiscal drag may be bracket creep, where progressive taxation increases automatically as taxpayers move into higher tax brackets due to inflation. This tends to moderate inflation, and can be characterized as an automatic stabilizer to the economy. Fiscal drag can also be a result of a hawkish stance towards government finances.

Definition of fiscal drag in the English dictionary

The definition of fiscal drag in the dictionary is the process by which, during inflation, rising incomes draw people into higher tax brackets, so that their real incomes may fall; this acts as a restraint on the expansion of the economy.

WORDS THAT BEGIN LIKE FISCAL DRAG

fisc
fiscal
fiscal cliff
fiscal year
fiscalist
fiscally
Fischer
Fischer von Erlach
Fischer-Dieskau
fish
fish and brewis
fish and chip shop
fish and chips
fish bass
fish eagle
fish factory
fish farm
fish farmer
fish farming
fish finger

WORDS THAT END LIKE FISCAL DRAG

bodrag
drag
form drag
induced drag
main drag
outdrag
parasite drag
pressure drag
profile drag
surface friction drag
trailing vortex drag
updrag
vortex drag
wallydrag

Synonyms and antonyms of fiscal drag in the English dictionary of synonyms

SYNONYMS

Translation of «fiscal drag» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF FISCAL DRAG

Find out the translation of fiscal drag to 25 languages with our English multilingual translator.
The translations of fiscal drag from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «fiscal drag» in English.

Translator English - Chinese

财政拖累
1,325 millions of speakers

Translator English - Spanish

lastre fiscal
570 millions of speakers

English

fiscal drag
510 millions of speakers

Translator English - Hindi

राजकोषीय खींचें
380 millions of speakers
ar

Translator English - Arabic

السحب المالي
280 millions of speakers

Translator English - Russian

финансовые ограничения
278 millions of speakers

Translator English - Portuguese

arrasto fiscal
270 millions of speakers

Translator English - Bengali

রাজধানী টানা
260 millions of speakers

Translator English - French

la pression fiscale
220 millions of speakers

Translator English - Malay

Drag fiskal
190 millions of speakers

Translator English - German

Fiscal Drag
180 millions of speakers

Translator English - Japanese

財政的歯止め
130 millions of speakers

Translator English - Korean

재정 드래그
85 millions of speakers

Translator English - Javanese

Fiskal seret
85 millions of speakers
vi

Translator English - Vietnamese

kéo tài chính
80 millions of speakers

Translator English - Tamil

நிதி இழுவை
75 millions of speakers

Translator English - Marathi

आर्थिक ड्रॅग
75 millions of speakers

Translator English - Turkish

Mali çekim
70 millions of speakers

Translator English - Italian

drenaggio fiscale
65 millions of speakers

Translator English - Polish

przeciągnij fiskalna
50 millions of speakers

Translator English - Ukrainian

фінансові обмеження
40 millions of speakers

Translator English - Romanian

trageți fiscal
30 millions of speakers
el

Translator English - Greek

δημοσιονομική drag
15 millions of speakers
af

Translator English - Afrikaans

blokkruiping
14 millions of speakers
sv

Translator English - Swedish

finanspolitiska drag
10 millions of speakers
no

Translator English - Norwegian

fiskal dra
5 millions of speakers

Trends of use of fiscal drag

TRENDS

TENDENCIES OF USE OF THE TERM «FISCAL DRAG»

The term «fiscal drag» is normally little used and occupies the 130.170 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
39
/100
The map shown above gives the frequency of use of the term «fiscal drag» in the different countries.
Principal search tendencies and common uses of fiscal drag
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «fiscal drag».

FREQUENCY OF USE OF THE TERM «FISCAL DRAG» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «fiscal drag» during the past 500 years. Its implementation is based on analysing how often the term «fiscal drag» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about fiscal drag

EXAMPLES

QUOTES WITH «FISCAL DRAG»

Famous quotes and sentences with the word fiscal drag.
1
Mark Zandi
The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half.

10 ENGLISH BOOKS RELATING TO «FISCAL DRAG»

Discover the use of fiscal drag in the following bibliographical selection. Books relating to fiscal drag and brief extracts from same to provide context of its use in English literature.
1
Economics: A Southern African Perspective
MissC Professor D GOVERNMENT'S HIDDEN GAIN Estimated total effect of fiscal drag (Source: Ian Bailey) Total lax in 1972 587,5 Increase in employment ( 29,33 l 172,3 Total lax in 1992 (real terms) 760,0 Inflated using inflation index ( 1183 ...
‎1996
2
Institutional Economics and National Competitiveness
In general, fiscal drag is a phenomenon that appears in income tax. In addition, fiscal drag also occurs in other taxes where allowances fail to keep pace with underlying growth in the tax base. For instance, the fiscal drag phenomenon can be ...
Young Back Choi, 2011
3
Taxing Wages 2007
The size of potential fiscal drag effects is to a large extent determined by the magnitude of changes in wage levels. Table S.A3 in the annex shows that, during the 2000-2006 period, average wages increased by more than 40% in 9 countries.
OECD, 2008
4
Handbook of Fiscal Policy
The Federal Reserve did not employ monetary policies to offset these expansionary full-employment deficits, and decade-long inflation resulted.45 Fiscal Dividend or Drag Both of the terms fiscal dividend and fiscal drag have been used to ...
Jack Rabin, 2001
5
Routledge Dictionary of Economics
Tax reductions and/or increases in government expenditures. fiscal drag (H3) 1. The reduction in personal disposable income resulting from tax rates not being adjusted for INFLATION. 2. The increase of tax revenue at a faster rate than public ...
Donald Rutherford, 2013
6
Budgetary strategies for fiscal years 1979-1983: a report to ...
The fiscal drag offset indicates a rough estimate of the amount by which expenditures would have to be increased (low end of range) or taxes cut (high end of range) to keep the economy on the growth path set out in Table 1 if the nonfederal ...
United States. Congressional Budget Office, 1978
7
Divided We Stand Why Inequality Keeps Rising: Why Inequality ...
In the context of income taxes, the mechanism of automatically increasing revenues is often referred to as “fiscal drag”. For simplicity, this term will be used below to refer to changes in either tax or benefit amounts that result from changing ...
OECD, 2011
8
The Structure and Reform of Direct Taxation (Routledge Revivals)
In the absence of any bracket indexation there is the phenomenon of 'fiscal drag', namely that when money incomes per head go up then, with a progressive tax system, the proportion of the total national income which is levied in direct taxes ...
James E. Meade, 2013
9
The National Economy
Discretionary Discretionary policy refers to policies, which are decided, and implemented, by one-off policy changes. Automatic Automatic stabilisation, where the economy can be stabilised by processes called fiscal drag and fiscal boost.
George Higson
10
The Distribution and Redistribution of Income: A ...
9 In the discussion in Blinder and Solow ( 1974) referred to in note 4, the automatic component of dS* is termed fiscal drag. Kay and Morris (1984, pp. 361- 2) use the terms built-in flexibility and fiscal drag almost synonymously, stating that ...
Peter J. Lambert, 1993

10 NEWS ITEMS WHICH INCLUDE THE TERM «FISCAL DRAG»

Find out what the national and international press are talking about and how the term fiscal drag is used in the context of the following news items.
1
Employment trends under Abbott not as bright as they seem
Half of the jobs coming on stream tend to be publicly funded or regulated by the poor old taxpayers via fiscal drag. This antipodean version of ... «The Australian, Jul 15»
2
Budget 2015: how welfare cuts softened the blow to public services
The invisibility of this fiscal drag allows the government to headline its tax reductions, despite the burden getting heavier over five years. «The Conversation UK, Jul 15»
3
Rathbones' Chillingworth: UK growth outlook has stabilised
CIO Chillingworth says changes to the deficit, or the fiscal drag, will become “less onerous, to the scale of 0.5 per cent of GDP each year,” but ... «Fundweb, Jul 15»
4
UK: Budget will highlight the coming fiscal drag – BTMU
FXStreet (Barcelona) - The UK Budget today won't pout any major surprises but will highlight that there remains plenty of fiscal consolidation ... «FXStreet, Jul 15»
5
Budget 2015: 130000 professionals taken out of the 40p tax rate
Stephen Herring, head of taxation at the Institute of Directors, said the change dealt with the problem of “fiscal drag” that has dragged those on ... «Telegraph.co.uk, Jul 15»
6
Osborne raises income tax thresholds
More taxpayers are now paying this tax rate as a result of the “fiscal drag” that sets wage inflation against the relatively static threshold. «Financial Times, Jul 15»
7
Your guide to the Budget 2015 buzzwords
We bandy these words about: debt, deficit, duty, fiscal drag, especially at the time of the chancellor's Budget, but what do they actually mean? «BBC News, Jul 15»
8
Oz Think Tank Calls For GST, Superannuation Reform
... income tax burdens increase, the Government is "likely to face strong pressure to return some of the fiscal drag by changing the tax scales.". «Tax-news.com, Jul 15»
9
Multi-manager verdict: Is property on the rise?
... consumption being supported by a return of real wage growth, fiscal drag continuing to ease and the much feared slump in capital investment ... «Fundweb, Jul 15»
10
Gen Y to be slugged $100000 in extra taxes for Canberra's budget …
... anticipated budget repair over the next four years onto the burden of fiscal drag, or the process by which wage hikes push workers into higher ... «The Australian Financial Review, Jul 15»

REFERENCE
« EDUCALINGO. Fiscal drag [online]. Available <https://educalingo.com/en/dic-en/fiscal-drag>. Apr 2024 ».
Download the educalingo app
en
English dictionary
Discover all that is hidden in the words on
index
a b c d e f g h i j k l m n o p q r s t u v w x y z