Sound fiscal policy dictates that the maturity of debt should be no longer than the life of the assets it is used to finance.

Name: Sound fiscal policy dictates that the maturity of debt should be no longer than the life of the assets it is used to finance.
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This principle ensures that the debt used to finance an asset is paid off by the time the asset is no longer useful, preventing future generations from bearing the cost of assets they do not benefit from.

Sound Fiscal Policy Dictates That the Maturity of Debt Should