The phrase "a system of fiscal" is correct and usable in written English.
It can be used when discussing financial systems, policies, or frameworks related to government or organizational finance.
Example: "The government is implementing a system of fiscal management to improve budget efficiency."
Alternatives: "a framework of financial" or "a structure of fiscal".
These are comparable to those between regions in the United States, where there is a system of fiscal compensation.
In a major speech at Davos last year, he argued that a system of fiscal integration and risk-sharing, perhaps by creating euro-area bonds, as well as structural reforms, was necessary for the euro to thrive.
"Either Europe has a committed, stable, successful eurozone with an effective firewall, well capitalised and regulated banks, a system of fiscal burden sharing, and supportive monetary policy across the eurozone, or we are in uncharted territory which carries huge risks for everybody.
Godley ended his essay with these prophetic words: If a country or region has no power to devalue, and if it is not the beneficiary of a system of fiscal equalisation, then there is nothing to stop it suffering a process of cumulative and terminal decline leading, in the end, to emigration as the only alternative to poverty or starvation.
Either Europe has a committed, stable, successful euro zone with an effective firewall, well-capitalized and -regulated banks, a system of fiscal burden-sharing and supportive monetary policy across the euro zone, or we are in uncharted territory, which carries huge risks for everybody".
Since the majority of financing for HSR projects comes from national governments through a system of fiscal equalization among regions, investment spending can be seen as coming from a source other than the local economy and thus similar to revenue from basic activities.
For now Germany will not hear of a European banking union, let alone a full-fledged system of fiscal transfers.
Take immediate steps toward restoring a positive energy/fiscal gradient within the entire system by introducing a combined life and health insurance for all individuals, thus assuring a system of positive financial gain after a period of negative loss.
Zadie Smith: "A library is a different kind of social reality … which by its very existence teaches a system of values beyond the fiscal".
According to the theory of optimal currency areas, which Columbia's Robert Mundell helped to pioneer, for a common currency to succeed its member countries must enjoy similar business cycles, plus they must have a system of risk-sharing and fiscal transfers to help out less competitive countries during a recession.
Under the so-called six-pack system of fiscal discipline, countries can be fined if they fail to stick to the required austerity.
