Sentence examples for test of fiscal from inspiring English sources
Such discipline is to be welcomed, but the real test of fiscal prudence is yet to come.There is much talk in America and elsewhere of a new era of budget surpluses.
No country is close to breaching the 3% limit, which would conjure up the nightmare of large fines being imposed by the commission in Brussels.The real test of fiscal stability in the zone may come, not this year, but in around a decade's time when baby-boomers are retiring and pension commitments begin to strain budgets across Europe.
Hoping to show the French that he is a man of stature and responsibility, Mr. Sarkozy is pressing for a constitutional amendment to promote a balanced budget and making it a litmus test of fiscal responsibility for the Socialists, who oppose it.
As the Shadow Chief Secretary to the Treasury, Leeds West MP, Rachel Reeves declared recently in a speech to the Institute for Public Policy Research: It's precisely because we on the centre left believe in the power of public services and active government to transform lives, and make our country fairer and more prosperous, that we must ensure we pass the test of fiscal credibility.
First, the Romney plan failed the first test of fiscal responsibility.
It's going to be an interesting test of fiscal discipline on both sides of the aisle.
A cut in capital-gains tax delivers the larger part of its benefits not to investors in new assets but to owners of assets that already exist: in itself, this windfall does little to promote growth.An agreement for accountantsIf this budget agreement scores badly on long-term fiscal prudence and incentives to growth, it fails miserably on other basic tests of good fiscal policy.
But even here the economic evidence is mixed.In short, the tax side of this budget deal fails all tests of sensible fiscal policy: the costs will be high and the economic benefits risible.
In remarks in the East Room of the White House, Mr. Clinton said the bill "fails the test of fairness and fiscal responsibility" because it is costly and, according to administration figures, benefits only the wealthiest 2percentt of the population.
Thus, we can test for the effects of fiscal policy by constructing a proper counterfactual allowing us identification.
Still, Toomey thought it best for the group to stick together, and he kept them discussing cost containment and means testing and other measures of fiscal responsibility until the vote was finally called, around three in the morning.
