What does fiscal sustainability mean?
Definitions for fiscal sustainability
fis·cal sus·tain·abil·i·ty
This dictionary definitions page includes all the possible meanings, example usage and translations of the word fiscal sustainability.
Wikipedia
Fiscal sustainability
Fiscal sustainability, or public finance sustainability, is the ability of a government to sustain its current spending, tax and other policies in the long run without threatening government solvency or defaulting on some of its liabilities or promised expenditures. There is no consensus among economists on a precise operational definition for fiscal sustainability, rather different studies use their own, often similar, definitions. However, the European Commission defines public finance sustainability as: the ability of a government to sustain its current spending, tax and other policies in the long run without threatening the government's solvency or without defaulting on some of the government's liabilities or promised expenditures. Many countries and research institutes have published reports which assess the sustainability of fiscal policies based on long-run projections of country's public finances (see for example, and ). These assessments attempt to determine whether an adjustment to current fiscal policies that is required to reconcile projected revenues with projected expenditures. The size of the required adjustment is given with measures such as the Fiscal gap. In empirical works, weak and strong fiscal sustainability are distinguished. Differences are related to both econometric techniques used for examination and variables involved.
Numerology
Chaldean Numerology
The numerical value of fiscal sustainability in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of fiscal sustainability in Pythagorean Numerology is: 6
Examples of fiscal sustainability in a Sentence
Finance Minister Nhlanhla Nene:
After taking into account the lower GDP growth rate for 2015, government believes that the current levels of borrowing are manageable, but that the deficit must decline over the medium term in order to ensure fiscal sustainability.
The president is very much aware of the realities presented by our national debt, america's booming economy will create increased government revenues — an important step toward long-term fiscal sustainability. But this fiscal picture is a blunt warning to Congress of the dire consequences of irresponsible and unnecessary spending.
It is a step in the right direction, as these steps will not bring the budget into balance again but do help to improve the fiscal sustainability of the country and its ability to withstand low oil prices now and in the future.
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"fiscal sustainability." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/fiscal+sustainability>.
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