Fiscal Framework

A fiscal framework is a set of rules and guidelines that governments create to manage public finances responsibly. It outlines how they plan to raise revenue (like taxes), spend on public services, and handle debt. The goal is to ensure fiscal discipline, maintain economic stability, and achieve long-term fiscal sustainability. Essentially, it helps governments stay transparent and disciplined in their financial decisions, preventing excessive deficits or debt while funding necessary programs for the country's well-being.