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,
John Bull's Adventures in the Fiscal Wonderland John Bull's Adventures in the Fiscal Wonderland John Bull's Adventures in the Fiscal Wonderland is a novel by Charles Geake and Francis Carruthers Gould, written in 1904 and published by Methuen & Co. of London. It is a political parody of Lewis Carroll's two books, "Alice's Adventures in Wonderland" and "Through the Looking-Glass". The book features 48 drawings after the originals by John Tenniel which were drawn by Francis Carruthers Gould. It is critical of the economic politics of the day, which John Bull tries to make sense of. A number of notable British politicians are identified in the book.