Fiscal policy an example is Zimbabwe and Germany. The method is however inflationary. A fiscal deficit is often funded by issuing bonds, like treasury bills or consols and gilt-edged securities. These pay interest, either for a fixed period or indefinitely. If the interest and capital requirements are too large, a nation may default on its debts, usually to foreign creditors. Public debt or borrowing refers to the government borrowing from the public. A fiscal surplus is often saved for future use, and may be invested in either local currency or any financial instrument that may be traded later once resources are needed.
Fiscal Observatory of Latin America and the Caribbean of fiscal policy in Latin America and supports debating of fiscal subjects among fiscal authorities, international organizations and other experts in the subject. Fiscal Observatory of Latin America and the Caribbean The Fiscal Observatory of Latin America and the Caribbean (OFILAC) is an initiative of the United Nations Economic Commission for Latin America and the Caribbean, especially by the Division for Economic Development, to contribute to improving fiscal policy through the dissemination of studies and debate. Financial support is provided by the Spanish Agency for International Cooperation and Development (AECID). Other partners of the Fiscal Observatory of Latin America and