inflation and fiscal sustainability

- Inflation: Inflation refers to the general increase in prices of goods and services over a period of time, resulting in a decrease in the purchasing power of a currency. It can be caused by various factors such as excessive money supply, increased demand, or rising production costs. Inflation erodes the value of money and can negatively impact economic stability and the standard of living. - Fiscal Sustainability: Fiscal sustainability refers to the ability of a government to manage its finances in a way that allows it to meet its current and future expenditure obligations without accumulating excessive debt. It involves ensuring that government revenues are sufficient to cover expenditures over the long term, avoiding unsustainable borrowing levels, and maintaining a stable fiscal position. Achieving fiscal sustainability is crucial for maintaining economic stability and preventing financial crises.

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