Sentence examples for fiscal reserves from inspiring English sources

"The amount of fiscal reserves is still quite high, and that will ultimately determine the conditions to which the borrowing will be favorable".

"The amount of fiscal reserves is still quite high, and that will ultimately determine the conditions to which the borrowing will be favorable," Mr. Lissovolik said.

If all of the decade's fiscal reserves are committed this year, future lawmakers will be forced to cut critical programs or raise taxes to address problems.

The government cut the state budget by 1percentt of gross domestic product to avoid running a deficit this year, even though Estonia has hefty fiscal reserves invested outside the country.

After researching the figures, local commentator Tom Holland said: "It's hard to conclude anything except that the planners and their construction industry cronies have run completely amok, crazed by the prospect of getting their hands on the government's huge fiscal reserves, and using them to build ever more grandiose, expensive and unneeded civil engineering projects.

That could jeopardise plans for a much-needed water bond and a fiscal reserve.

One of the lessons of the financial crisis is that governments need to have a fiscal reserve on which they can draw and the way to provide that is to get debt down, so that if there are unexpected calls on the state, such as the banking bail-outs during the crisis, it can borrow extra without difficulty.

President Clinton's Council of Economic Advisers, also no friend of the boards, wrote that they are likely to fail without "adequate reserves, fiscal discipline and a strong and well-managed financial system, in addition to the rule of law".

The Washington dogma, as stated by the Council of Economic Advisers, is "a currency board is unlikely to be successful without the solid fundamentals of adequate reserves, fiscal discipline and a strong and well-managed financial system, in addition to the rule of law" (The Annual Report of the Council of Economic Advisers. Washington: USGPO 1999, p.289).

The Washington dogma, as stated by the Council of Economic Advisers CEAA) is: "a currency board is unlikely to be successful without the solid fundamentals of adequate reserves, fiscal discipline and a strong and well-managed financial system, in addition to the rule of law" (The Annual Report of the CEA. Washington: USGPO 1999, p.289).

They also took advantage of the boom years (2003-08), rexternalexternal vulnerabilities and increasing savings (fiscal and international reserves).