intergenerational equity and fiscal sustainability

Intergenerational equity refers to the concept of fairness in distributing resources and opportunities among different generations. It emphasizes the responsibility of current generations to ensure that future generations have access to a sustainable and just society. Fiscal sustainability, on the other hand, refers to the ability of a government or entity to manage its finances in a way that supports long-term economic growth and stability. It involves maintaining a balance between revenue and expenditure to avoid excessive debt and ensure the continued provision of public services.

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