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fiscal limitation

[/ˈfɪskəl ˌlɪmɪˈteɪʃən/]
nounpl: fiscal limitations
limitação fiscal
1. A legal or constitutional constraint that restricts government spending, taxation, or budget deficits
The state imposed a fiscal limitation that capped annual budget increases at 2%.
O estado impôs uma limitação fiscal que limitou os aumentos orçamentários anuais a 2%.
2. A restriction on the amount of money a government can spend or collect in taxes
Fiscal limitations were introduced to control government expenditure.
Limitações fiscais foram introduzidas para controlar os gastos do governo.
3. A constraint on government borrowing or deficit spending
The constitutional fiscal limitation prevented the government from running excessive deficits.
A limitação fiscal constitucional impediu o governo de ter déficits excessivos.
Synonyms
spending capbudget constrainttax limitationexpenditure ceiling
Antonyms
fiscal freedomunlimited spendingunrestricted budget

Regional Variations

General Brazilian
limitação fiscal
Standard term used in Brazilian fiscal policy discussions
Portugal
limitação fiscal / restrição orçamental
Both terms are used; restrição orçamental is also common
Business/Legal
teto de gastos / limite fiscal
Technical terms in financial and legal contexts

Related Idioms & Phrases

tight fiscal constraints
fiscal straitjacket
balanced budget requirement
expenditure ceiling
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