Fiscal sustainability is a multi-dimensional concept that incorporates
an assessment of solvency, stable economic growth, stable taxes, and
intergenerational fairness. It has not only financial implications but also social
and political ones related to both present and future generations. The current
economic crisis has weakened the fiscal health of many countries around the
world. Most of these countries are also facing long-term challenges that could
threaten their fiscal futures, especially when these challenges are combined
with financing the stimulus packages that were developed to spark an economic
recovery.