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This program, added in 1997, expanded health insurance for children.
Required Reserve Ratio
The required reserve ratio is the portion of depositors' balances that banks must have on hand as cash, set by central banking authorities to ensure liquidity.
Taxes
Obligatory financial impositions or another sort of tax placed on individuals by government institutions designed to support government expenditure and multiple public financial needs.
Expansionary Monetary Policy
A form of macroeconomic policy that aims to increase the money supply and typically lower interest rates to stimulate economic growth.
Discount Rate
The rate at which central banks lend to commercial banks or other financial institutions.
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