What is fiscal sustainability?

Fiscal sustainability refers to the ability of a government to maintain its current spending levels without jeopardizing its long-term financial health. This includes ensuring that revenue sources are stable and sufficient to cover expenditures over the long term, managing debt levels responsibly, and making strategic decisions to balance the budget and avoid creating unsustainable deficits. Maintaining fiscal sustainability is crucial for promoting economic stability, fostering investor confidence, and safeguarding the financial well-being of future generations.

This mind map was published on 21 February 2024 and has been viewed 119 times.