Fiscal policy is all about how the government uses its spending and taxes to help the economy. The main goals are to help the economy grow, create jobs, and keep prices stable. However, there are some big challenges that make it hard to do these things well.

1. Challenges in Getting Things Done:

   • Political Problems: Sometimes, different political groups can’t agree on what to do. This can slow down important actions that need to happen quickly. When plans are delayed or inconsistent, they might not solve the economic problems we face right away.
   • Wasting Money: The government doesn't always spend money in the best places. Sometimes, funds go to projects that don’t help the economy grow, which wastes resources that could be used better.

2. Timing Issues:

   • Delays: There are often delays when it comes to recognizing problems and taking action. If the economy is struggling, the people in charge might not respond quickly enough. By the time they make changes, the situation might have gotten worse.
   • Debt Worries: If the government borrows a lot of money to spend, it can create a huge debt. This debt can lead to higher interest rates later on, which can make it hard for businesses to invest and grow.

3. Inflation Risks:

   • Too Much Growth: When the government tries to boost the economy too much, it can cause inflation, which means prices go up. If prices rise too quickly, people can’t buy as much with their money, and this can hurt their confidence in the economy.

To tackle these issues, it’s important to have a better plan. This includes predicting economic trends accurately, getting support from both political sides for spending plans, and putting money into areas that will help the economy grow. Also, having rules that guide fiscal policies can help keep things steady, even when political battles happen. This would create a better environment for long-lasting economic growth.