Public opinion is less likely to affect fiscal policy making.
There are a number of variables that affect the formulation of a country's fiscal policies, the most important being domestic demand and economic growth.
Public opinion is therefore not a relevant factor that affects the formulation of these policies, it affects more social and environmental policies, for example.
For a better understanding of fiscal policy, we must understand the concept of taxation.
Taxation is a financial obligation on individuals and organizations, whose main objective is to improve the economy and public services so that there is a fairer and more equal society.
Some examples of taxes:
- Income tax
- payroll tax
- sales tax
Therefore, public opinion is more likely to affect the formulation of social and environmental policies than fiscal policies. Because it is capable of instituting new ideas and social awareness that can directly affect legislation.
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