Ideology profoundly influences fiscal policy by shaping priorities regarding taxation, government spending, and regulation. Different ideological frameworks dictate whether a government favors austerity, expansionary spending, or progressive taxation. For instance, liberal ideologies may advocate for higher taxes on the wealthy to fund social programs, while conservative ideologies often promote tax cuts and reduced government involvement in the economy. These ideological perspectives inform policy choices, affecting economic stability, growth, and income distribution, thereby shaping the broader economic landscape based on prevailing beliefs about the role of government in society.