Fiscal
in sentence
6883 examples of Fiscal in a sentence
What is needed now is a revision of the eurozone’s existing
fiscal
rules to permit more favorable treatment of capital spending.
No sooner did this strategy pay off with a narrow re-election victory – one that strengthened Republican control of Congress – than the dark realities of Bush’s
fiscal
recklessness started to be recognized.
Huge tax cuts and rising military spending have fueled an enormous rise in imports, and therefore a yawning trade deficit now accompanies America’s weak
fiscal
position.
This response to homegrown problems plays well with voters, but it is ridiculous and ignorant, especially since the US has been depending on China to help finance the
fiscal
deficits.
But as the storm clouds gather in the coming year, the political coalition that put Bush in power will stifle progress in undoing the
fiscal
mess.
The Greek, Portuguese, Irish, and Italian economies are reeling under
fiscal
austerity – with budget cuts and higher taxes as far as the eye can see.
Though Tsipras, too, claims to favor the euro, he never mentions the
fiscal
discipline that it requires, or that Greece got into trouble because it violated its treaty obligations.
If Europe succeeds in making major
fiscal
and banking reforms and gets its economy in order, Edward will lose steam.
Moreover, the US and Europe have already used large doses of
fiscal
stimulus, which shares an uncanny similarity to antibiotics.
Because
fiscal
expansion followed several years of restraint, it was very effective in spurring demand and output growth.
Easing short-term jitters and paving the way for further developing-country growth will require a clear and credible program for returning high-income economies, especially those in Europe, to a sustainable
fiscal
path.
Countries with large current-account deficits and/or large
fiscal
deficits and with large short-term foreign currency liabilities have been the most fragile.
All have in common not only economic and policy weaknesses (twin
fiscal
and current-account deficits, slowing growth and rising inflation, sluggish structural reforms), but also presidential or parliamentary elections this year.
Advanced countries moved to prevent a downward spiral using monetary and
fiscal
policy tools.
Politics complicates matters further, because the exclusively short-term focus on the
fiscal
impact of spending and revenues clashes with policies whose benefits accumulate over time.
Because the payoffs from infrastructure spending and tax reform do not fit neatly within the five-year or ten-year budget window used by America’s
fiscal
scorekeepers, measuring more completely the benefits from such policies is vital to attracting political support.
Third, the euro area needs
fiscal
co-insurance.
It is an argument for
fiscal
insurance running in both directions.
Obama’s Difficult
Fiscal
SummerPALO ALTO – Barack Obama’s administration suffered a string of
fiscal
setbacks this summer.
First, at the G-20 Summit in Canada, President Obama was soundly rebuffed by Canadian Prime Minister Stephen Harper, Great Britain’s new prime minister, David Cameron, and German Chancellor Angela Merkel, among others, on his demand for additional
fiscal
stimulus (more government spending).
They are instead pursuing
fiscal
consolidation, following the immense explosion of public deficits and debt in the 2008-09 recession, and have called for cutting deficits in half by 2013 and stabilizing the government debt-to-GDP ratio by 2016.
Second, the International Monetary Fund, under the G-20’s “Mutual Assessment Process,” suggested that the United States cut its
fiscal
deficit by 3% of GDP more than planned – over $400 billion in additional cuts per year.
The IMF believes current
fiscal
plans will deter US economic growth.
Recently, the European Central Bank reiterated its position that serious
fiscal
consolidation would generate enough increase in private-sector confidence that gains in spending by households and businesses would more than offset lower spending by governments.
In short, the rest of the world wants the US to get its
fiscal
house in order as soon as possible.
But the windfall was mismanaged, fueling
fiscal
profligacy, and the end of the boom left economies in recession and voters with broken dreams.
Who bailed out the banks, pumped in the liquidity, engaged in
fiscal
stimulus, and provided the safety nets for the unemployed to thwart an escalating catastrophe?
Finance Minister Giulio Tremonti is a safe pair of hands for the country’s
fiscal
policy, yet the government has been unable to revive economic growth.
For example, most proposals involve some kind of
fiscal
union, which would inevitably entail the partial transfer of
fiscal
sovereignty from national governments to the European Union.
But the court, not German policymakers, has the final say regarding further
fiscal
integration.
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