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,
Sense-for-sense translation verbo verbum curabit reddere / fidus interpretes": "not to try to render them word for word [like some] faithful translator." Some have read that passage in Horace differently: In John Dryden’s 1680 preface to his translation of Ovid's Epistles, he proposed dividing translation into three parts called: metaphrase, paraphrase and imitation. Metaphrase is word-for-word and line by line translation from one language into another. Paraphrase is sense-for-sense translation where the message of the author is kept but his words are not so strictly followed as his sense, which too can be altered or amplified. Imitation is the use of either