Fiscal conservatism

Fiscal conservatism is one of the main factors that mark the difference between conservatives and progressives. It is necessary to reduce public spending in order to achieve a balanced budget. In fact it seeks to curb state intervention in the economy, favoring instead privatization and deregulation. The objective of this economic tactic is to reduce taxation and programs or entities deemed useless, as well as reducing public debt and favoring investments in the country or area of belonging.