Review:
Fiscal Discipline
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Fiscal discipline refers to the practice of maintaining control over government spending and ensuring that revenues match or exceed expenditures.
Key Features
- Balanced budgets
- Efficient allocation of resources
- Reduction of public debt
- Transparency in financial management
Pros
- Promotes economic stability
- Builds credibility with investors
- Helps prevent financial crises
Cons
- May lead to cuts in public services
- Difficult to implement during economic downturns