1. The ability of fiscal policy or government spending to achieve its intended economic objectives and desired outcomes
The fiscal effectiveness of the stimulus package was measured by GDP growth and employment rates.
A eficácia fiscal do pacote de estímulo foi medida pelo crescimento do PIB e pelas taxas de emprego.
2. The degree to which tax policies or government expenditures successfully accomplish their intended purposes with optimal resource allocation
Economists debated the fiscal effectiveness of the new tax reform.
Economistas debateram a eficácia fiscal da nova reforma tributária.