21:50 Jul 30, 2014 |
Spanish to English translations [PRO] Bus/Financial - Finance (general) / Ratings | |||||||
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| Selected response from: David Hollywood Local time: 04:47 | ||||||
Grading comment
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4 | and will depend on available fiscal capacity/resources |
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3 | and shall be subject to/depend on tax revenue availability |
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Discussion entries: 4 | |
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and shall be subject to/depend on tax revenue availability Explanation: given the wobbly Spanish ... maybe ... |
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and will depend on available fiscal capacity/resources Explanation: Fiscal capacity can generally be defined as the ability of a jurisdiction to generate taxes and other revenues from its own sources. Fiscal capacity is critical to all local jurisdictions, large and small, for local governments need financial resources to carry out their functions. To make any financial policy decision whether the decision entails potential new bond issues, new operating programs, or extensions of existing programs a key step in the decision-making process is an assessment of the fiscal capacity available to support that decision. http://www.asip.org.ar/en/revistas/42/johnson_roswick/johnso... |
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