Fiscal space Fiscal space Fiscal space is the flexibility of a government in its spending choices, and, more generally, to the financial well-being of a government. Peter Heller (2005) defined it “as room in a government’s budget that allows it to provide resources for a desired purpose without jeopardizing the sustainability of its financial position or the stability of the economy.” There are different exact definitions for the term, and different metrics on how to measure it. The most influential definitions of the term come from international institutions, e.g., the International Monetary Fund (IMF) and the World Bank, the United Nations agencies,
American (word) American (word) The meaning of the word American in the English language varies according to the historical, geographical, and political context in which it is used. "American" is derived from "America", a term originally denoting all of the New World (also called the Americas). In some expressions, it retains this Pan-American sense, but its usage has evolved over time and, for various historical reasons, the word came to denote people or things specifically from the United States of America. In modern English, "American" generally refers to persons or things related to the United States of America; among native English speakers