Fiscal sustainability refers to the ability of a government to maintain its current spending, tax policies, and debt levels without resorting to excessive borrowing or risking insolvency. It implies that a government can meet its existing and future financial obligations without compromising the economic stability or growth of the country. Achieving fiscal sustainability requires careful management of public finances, balancing short-term needs with long-term goals, and ensuring that debt levels remain within manageable limits.
congrats on reading the definition of Fiscal Sustainability. now let's actually learn it.