Economic policy is significant in political governance as it influences resource allocation, affects social welfare, and shapes the economic landscape of a nation. Decisions made in economic policy often reflect the ideological stances of those in power, including taxation, fiscal measures, and regulations. Consequently, effective economic policies can enhance public trust and stability, while poor management may lead to crisis, unrest, and a decline in governance quality. Ultimately, economic policy serves as a tool for achieving broader political objectives, reinforcing the interconnectedness of economics and politics.