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,
Word sense of a word are related to each other within a semantic field. A common pattern is that one sense is broader and another narrower. This is often the case in technical jargon, where the target audience uses a narrower sense of a word that a general audience would tend to take in its broader sense. For example, in casual use "orthography" will often be glossed for a lay audience as "spelling", but in linguistic usage "orthography" (comprising spelling, casing, spacing, hyphenation, and other punctuation) is a hypernym of "spelling". Besides jargon, however, the pattern is common even in general vocabulary.