A term that describes a government's ongoing ability and willingness to raise revenues,incur debt,and meet its financial obligations as they become due is
A) Financial condition.
B) Fiscal capacity.
C) Economic condition.
D) Financial position.

Question

Quizplus · Accepted Answer

Fiscal capacity refers to a government's ability to raise and sustain revenue over time, as well as its willingness to incur debt when necessary to meet its financial obligations. This goes beyond the immediate financial position or economic condition of the government and speaks to its long-term financial viability.

A Term That Describes a Government's Ongoing Ability and Willingness