From a macroeconomic perspective, increasing the trust fund's balance, without underlying reform, does nothing to enhance the government's fiscal capacity to finance future benefits.

An economic downturn could reduce states' fiscal capacity.

The fiscal capacity of the provinces is determined by measuring their revenue from five general sources.

Replenishing this fiscal capacity will give future Congresses and Administrations greater scope to deal with unforeseen events.

Over time, the mismatch between fiscal resources and fiscal capacity became increasingly problematic.

Though aid to state and local governments is meant to compensate for differences in local fiscal capacities and needs, clearly this is not occurring.

The region of Flanders does not receive funding under this program as its fiscal capacity lies above the national average.

We also agree that there is a need to take account of the citizen' s fiscal capacity and a need to seek new sources of income.

Per capita personal income(PCI) is the most often used measure of relative fiscal capacity.

A representative tax system should assess the level of personal income, the value of retail sales and the value of property to compute fiscal capacity.