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Fiscal in sentence

6883 examples of Fiscal in a sentence

A Republican presidential victory, together with Republican control of the House and Senate, would likely lead to substantial reduction, repeal, and replacement of many Obama initiatives, attempts to reform taxes and entitlements, and measures to impose greater fiscal discipline.
But, following the election, taxes and spending, trade policy, federalism, regulation, and defense will take a different course – how different depends on who wins – with important implications for America’s fiscal position, external balance, and much else, including its relations with the rest of the world.
Then there is America’s huge fiscal and trade deficits, which not only jeopardize the well-being of future American generations, but represent a drag on the current US economy.
Europe is finally beginning to recognize the problems with its macro-economic institutions, particularly a stability pact that restricts the use of fiscal policy and a central bank that focuses only on inflation, not on jobs or growth.
They are all caught between the problems of the present and the mistakes of the past: in Europe, between institutions designed to avoid inflation when the problem is growth and employment; in America, between massive household and government debt and the demands of fiscal and monetary policy; and everywhere, between America’s failure to use the world’s scarce natural resources wisely and its failure to achieve peace and stability in the Middle East.
And our proximity to the eurozone, engulfed in a sovereign-debt crisis, meant that restoring fiscal credibility and preventing a spike in market interest rates was our most urgent priority.
However, in order to implement land and hukou reforms, China’s fiscal system must be overhauled.
Fiscal integration is limited.
And now the recent financial crisis has exposed the limits of fiscal integration in the eurozone and raised questions about the role and future of the euro.
The ECB has promised to buy Italian and Spanish sovereign bonds to keep their interest rates down, provided these countries ask for lines of credit from the European Stability Mechanism and adhere to agreed fiscal reforms.
Given Italy’s very large national debt, interest payments add more than 5% of GDP to the fiscal deficit.
Despite cuts in government spending and increases in taxes, the IMF still projects the cyclically adjusted fiscal deficit to exceed 3.2% of GDP in 2013 and 2.3% of GDP in 2015.
The key to solving Spain’s fiscal problem lies in the semi-autonomous regions that generate spending and shift the financing burden to Madrid.
That would remove the serious risk that the ECB could start buying bonds on the basis of agreed fiscal packages, and then be forced to react if governments fall short on implementing them.
None of this would be enough to save Greece, where the fiscal deficit is 7.5% of GDP, or Portugal, where it is 5% of GDP.
Moreover, the increase in exports and the shift from imports to domestically produced goods and services would strengthen their economies, thereby reducing their fiscal deficits as tax revenues rose and transfers declined.
Given Europe’s fiscal deficits and the economic impact of reducing them, that is a huge potential prize.
Finance ministers everywhere need to think more imaginatively about their fiscal options.
Europe needs fiscal consolidation, reductions in carbon emissions, and a strategy for economic growth.
And central banks themselves are coming dangerously close to looking like fiscal agents, which could undermine their legitimacy.
Indeed, in a world that has grown nervous about emerging economies, Mexico stands out as an island of opportunity, with a stable fiscal position and the prospect of rising demand for its goods as the US recovery gathers momentum.
This question is not trivial, because the fiscal hair shirt has become the favored article of policy clothing among those who now dictate economic affairs.
Part of the challenge in many countries will be to rebuild macroeconomic buffers that have been depleted during years of fiscal and monetary stimulus.
Reducing fiscal deficits and bringing monetary policy to a more neutral plane will be particularly difficult in countries like the Fragile Five, where growth has been lagging.
Even proposed measures to raise fiscal revenues – such as the privatization of minority shares in seven state-owned corporations – will likely be done in a way that favors his cronies.
And, in the past, assistance has been accompanied by extensive “conditions,” some of which enforced contractionary monetary and fiscal policies – just the opposite of what is needed now – and imposed financial deregulation, which was among the root causes of the crisis.
Likewise, Spain and Ireland had fiscal surpluses and low debt/GDP ratios before the crisis.
The crisis caused the deficits and high debt, not the other way around, and the fiscal constraints that Europe has agreed will neither facilitate rapid recovery from this crisis nor prevent the next one.
Yet today, South Tyrol enjoys extensive constitutional autonomy, including full cultural freedom and a fiscal regime that leaves 90% of tax revenues in the region.
He bolstered his image considerably after winning the 1994 election by tightening government finances and eliminating a huge fiscal deficit.
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