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What Is Meant By The Expression “Fiscal Federalism”?

April 26, 2017expression fiscal federalism meant

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What Is Meant By The Expression “Fiscal Federalism”?

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Fiscal Federalism is actually a system that is used for transfer of payments or grants. Through this system the federal government shares its revenues with the lower levels of government in the country. This power is used by the Federal Government to enforce national rules and standards.