Long-term benefits of fiscal sustainability.

Fiscal sustainability refers to the ability of a government to maintain its desired level of public spending over the long term without compromising its financial stability. By practicing fiscal sustainability, governments can enjoy several long-term benefits, including lower borrowing costs, increased investor confidence, and a stable economic environment that fosters growth and development. Additionally, by ensuring that public debt remains at manageable levels, governments can avoid potential financial crises and ensure a secure future for their citizens. Ultimately, prioritizing fiscal sustainability is crucial for promoting long-term economic prosperity and stability.

This mind map was published on 21 February 2024 and has been viewed 67 times.