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The downturn in export figures is having broad fiscal repercussions within the country.
Firstly, the financial repercussions.
Fiscal Cliff: The potentially disastrous economic repercussions of the automatic tax hikes and spending cuts scheduled to take effect in 2013 should Congress fail to agree upon a workable alternative by the end of the year.
California's most recent fiscal crisis had severe repercussions on higher education; since 2001, the U.C. system, for example, has had its budgets cut by five hundred million dollars, raised fees by five hundred million, and offered salaries ten per cent lower than those at other universities.
The Latina presidents Dilma Rousseff of Brazil and Cristina Fernández of Argentina both blamed the 2008 economic crises, the orthodox fiscal policies and the repercussions for emerging countries.
Fiscal slope?
Fiscal policy!
"Fiscal conservative?
"Fiscal Alchemy?
Fiscal math hopeless.
Fiscal policy is responsible.
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CEO of Professional Science Editing for Scientists @ prosciediting.com