Fiscal consolidation measures refer to policies and actions taken by governments to reduce budget deficits and stabilize or lower public debt levels. These measures can include cutting government spending, increasing taxes, or a combination of both to ensure long-term economic stability. By addressing fiscal imbalances, these measures aim to enhance the credibility of fiscal policy, though they can also lead to criticism regarding their impact on economic growth and public welfare.
congrats on reading the definition of Fiscal Consolidation Measures. now let's actually learn it.