Fiscal Discipline: Differences Between The Poor And Middle Class

• Fiscal discipline: It helps limit volatility (in commodity prices, foreign capital inflows etc.) that might undermine inclusive growth. The poor and middle class tend to gain less during economic booms (when those rich in real and financial assets tend to gain most) and are the first to lose jobs during downturns. Fiscal discipline includes a record of public savings during periods of growth, so as to allow for temporary counter-cyclical deficit spending meant for protecting the poor and the middle class during these downturns.
• A fair tax and redistribution system: Inclusive growth can be promoted through progressive tax systems and other expenditures, including greater spending on health, education and public infrastructure.
• A business-friendly