Concept information
Terme préférentiel
fiscal crisis
Définition
- A fiscal crisis may occur when a deficit develops between a state's expenditures and its tax revenues, which result in a rising and unsustainable level of government debt. Fiscal crises are characterized by a financial, economic, and technical dimension, on the one hand, and a political and social dimension, on the other. [Source: Encyclopedia of Governance; Fiscal Crisis]
Concept générique
Appartient au groupe
URI
http://data.loterre.fr/ark:/67375/N9J-MJLMVVZT-0
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