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Fiscal in sentence

6883 examples of Fiscal in a sentence

But fiscal austerity will envelop most advanced economies this year, rather than just the eurozone periphery and the United Kingdom.
Given synchronized fiscal retrenchment in most advanced economies, another year of mediocre growth could give way to outright contraction in some countries.
First, America’s mini-deal on taxes has not steered it fully away from the fiscal cliff.
Markets may become spooked by another fiscal cliffhanger.
After all, stagnation and outright recession – exacerbated by front-loaded fiscal austerity, a strong euro, and an ongoing credit crunch – remain Europe’s norm.
Third, China has had to rely on another round of monetary, fiscal, and credit stimulus to prop up an unbalanced and unsustainable growth model based on excessive exports and fixed investment, high saving, and low consumption.
Yet for fiscal year 2004, the Bush Administration is committing $71 billion to Iraq and just $200 million for the Global Fund.
Germany and other Northern European countries maintain that the culprit is lax fiscal policy and excessive debt accumulation by other eurozone members.
Their solution has been to strong-arm European Union countries into adopting strict fiscal governance and enforcement procedures.
As a result, fiscal consolidation and structural reform seem well under way in all of the “sinning” countries.
Lax financing conditions may prevail for quite a long time, but, sooner or later, growing external and fiscal deficits become unsustainable; confidence evaporates and investors flee, taking their liquidity with them.
As a result, fear could become a self-fulfilling prophecy: following a run by investors on all other sovereign debtors in the union, fiscal transfers would become inevitable in order to rescue overextended – for example, German – banks that have highly risky loan portfolios.
On the other hand, simply restoring adequate liquidity would stop the run, reduce the risk of insolvency, and thus preempt the need for fiscal transfers.
Otherwise, the new fiscal compact will lack credibility and eventually flounder.
Only then would they encourage and manage the inward capital flows needed to finance America’s twin fiscal and current-account deficits.
But at least the West’s working class had access to cheap loans and inflated house prices to offset the impact of stagnant wages and declining fiscal transfers.
Such a policy response would have to include pro-growth structural reforms (such as higher infrastructure investment, a tax overhaul, and labor retooling), more responsive fiscal policy, relief for pockets of excessive indebtedness, and improved global coordination.
Merkel also demanded a stifling and undemocratic EU fiscal straightjacket, which the Commission duly enforces.
So when voters throw out a government, EU fiscal enforcer Olli Rehn immediately insists that the new administration stick to its predecessor’s failed policies, alienating voters from the EU and pushing them toward the extremes.
Renzi has already called for a €150 billion EU investment boost and greater fiscal flexibility.
The fiscal straightjacket should be scrapped, with governments that borrow too much allowed to default.
First, the tail risks (low-probability, high-impact events) in the global economy – a eurozone breakup, the US going over its fiscal cliff, a hard economic landing for China, a war between Israel and Iran over nuclear proliferation – are lower now than they were a year ago.
Rather than helping Greece to overcome its crisis, the austerity policies pursued since May 2010 have plunged it into a deep recession that perpetuates fiscal deficits and aggravates financial uncertainty.
Fiscal deficits were reduced.
It also undertook specific commitments with respect to the conduct of its fiscal policy, though these constraints are not as “hard” as those framing monetary policy.
They also have to keep their fiscal deficits below certain ceilings.
The first is a global commitment to cut greenhouse-gas emissions through smart, efficient fiscal and economic policies and regulation – including carbon pricing, reduced fossil-fuel subsidies, incentives, and performance standards.
During the emergency period, fiscal retrenchment and austerity are unavoidable; but, in the longer term, the debt burden will become unsustainable without growth – and so will the European Union itself.
What ought to have been hard-wired into the EU’s institutional structure was not permanent fiscal austerity, but tough financial regulation.
Most voters who backed Sarkozy expect a different sort of state, one that is more capable of providing physical security against violence and less capable of complicating their lives in economic and fiscal terms.
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