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,
Cetera Financial Group Cetera Financial Group Cetera Financial Group (commonly referred to as Cetera) is a shared service organization serving affiliates that comprise the second-largest family of independent broker-dealers in the United States. The company has nearly 8,000 financial advisors, is a leading provider of retail financial services to investment programs of banks and credit unions, and has over $224.5 billion in advisory and brokerage assets under advisement, generating approximately $1.6 billion in annual revenue for the 2016 fiscal year. “Cetera Financial Group” refers to the network of independent retail firms encompassing, among others, Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services (marketed