Discretionary fiscal policy and its role in confronting the economic crises in Jordan for the period (2000- 2020)

Abstract

The research dealt with discretionary fiscal policy and its potential to influence the macro economy by facing the crises that the economy is exposed to, through a package of tools used by the financial authority through the mechanism of transferring the impact of fiscal policy facing the economic cycle to some macroeconomic variables. Fiscal policy is one of the most important macroeconomic policies, which has the responsibility to achieve a number of goals, as it shares with macroeconomic policies in achieving them, while it is unique in achieving some of them, and the most important of these goals is to achieve financial stability and then economic stability through the events of a package of the intended changes in spending or revenue programs. The results of analyzing the course of the discretionary fiscal policy in the Jordanian economy showed that an expansionary fiscal policy was followed during the study period and economic reform programs were followed since 2000, but they, like the countries of the region, were affected by the events that the region experienced in terms of political and economic crises.