An economy where more money is being collected than is being allocated or spent is known as what type of economic stance?

It is Contractionary Policy. Contractionary policy is a policy that is used as an macroeconomic tool by the central bank of a country. Because of this it slows down the economic growth as well as reduces the monetary supply of the country. Contractionary Policy is implemented through increase in interest, reserve requirements and monetary supply, directly or indirectly

i heard they are taking it off i hope this isn't true but otherwise if it doesn't get taken off it will probably be in early december or early january of 2018-2019