Typical costs: 1  Converting existing floor space inside a garage, basement or attic into a simple bathroom starts around $3,000-$6,000. 2  However, costs can be $7,000-$25,000 or more for a more luxurious bathroom, or if the new bathroom is far from existing water and sewer lines. Adding new floor space to your home for a basic 6x8-foot bathroom addition starts around $25,000-$50,000 and goes up depending on complexity, quality of fixtures, number of amenities and local labor rates.
Return to top. Fiscal policy is the use of government spending and taxation to influence the economy. When the government decides on the goods and services it purchases, the transfer payments it distributes, or the taxes it collects, it is engaging in fiscal policy.
Fiscal Policy for Economic Growth. The role of fiscal policy for economic growth relates to the stabilisation of the rate of growth of an advanced country. Fiscal policy through variations in government expenditure and taxation profoundly affects national income, employment, output and prices.