After September 11, 2001, the federal government increased military spending on wars in Iraq and Afghanistan. Is this increase in spending considered fiscal policy?

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Business

Freddie

13 September, 05:14

After September 11, 2001, the federal government increased military spending on wars in Iraq and Afghanistan. Is this increase in spending considered fiscal policy?

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Charlie Benitez · Answer 1

No

Explanation:

Although the Fiscal policy includes the detail of government revenue collection and its spending and military budget is allocated in the budget as part of the policy, however after the incident of 9/11, the increase in military spending (including spending on wars in Iraq and Afghanistan) was designed to achieve homeland security objectives.

White House designated the Office of Homeland Security to oversee and coordinate a comprehensive national strategy to safeguard the country against terrorism and respond to any future attacks.