economic stimulus package

An economic stimulus package is a government initiative designed to boost economic activity during periods of economic slowdown or recession. It typically includes measures such as direct payments to citizens, tax cuts, financial assistance for businesses, and expanded unemployment benefits. The goal is to stimulate demand, create jobs, and support individuals and industries facing financial difficulties. Whether it’s addressing the impact of a recession or a crisis like COVID-19, economic stimulus packages play a crucial role in restoring economic stability and encouraging growth.