Fiscal Consolidation (1 Viewer)

[2late]

Fiscal consolidation??
What does that mean? I've got it written down in my notes and have no idea what it means.
Is it even an expression?

 

[timmii]

Fiscal consolidation - using surpluses to retire debt rather than accumulating debt. Think of it as "consolidating the fiscal position" i.e making it more sustainable in the long run by reducing foreign debt..