fiscal sustainability

Fiscal sustainability refers to a government's ability to manage its finances so that it can meet its long-term spending commitments without running into excessive debt or economic instability. It involves balancing revenues, like taxes, with expenditures, such as public services and debt payments, over time. When a country maintains fiscal sustainability, it ensures that future generations can rely on essential services and support without facing unsustainable debt levels. Essentially, it's about managing public finances in a way that supports stable growth and avoids financial crises.