You searched for: “fiscal crises
fiscal crisis (s) (noun), fiscal crises (pl)
When a unit of government has an excess of government spending over income and is unable to borrow to finance it: For a national government, a fiscal crisis is most likely a result of a large accumulated debt together with doubts about its ability or willingness to pay back that debt.
This entry is located in the following unit: fisc-, fiscal (page 1)