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Citizenship Studies
Key terms
Fiscal impact

GCSE Citizenship Studies · key term

Fiscal impact

Definition

The effect on government finances of taxes and other revenues contributed, compared with the cost of public services and support provided.

Used by Edexcel

How each exam board covers it

Edexcel GCSE Citizenship Studies · 1CS0

Paper 1, Paper 2

The fiscal impact is the balance between contributions to government revenue and the cost of services and support. It varies with employment, earnings, age and family circumstances. A working adult may contribute substantial taxes, while children need education and older people often need more healthcare.
Revise: Migration and Its Impact

Edexcel Citizenship Studies past papers

Related key terms

Asylum seeker
Commonwealth
Economic migrant
Freedom of movement
Immigration

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Fiscal impact — Edexcel GCSE Citizenship Studies Definition