Definition
财政危机 refers to a financial crisis or fiscal crisis, typically involving a government's inability to meet its debt obligations or a severe shortfall in revenue. It's a compound noun combining 财政 (public finance / fiscal) and 危机 (crisis). You'll encounter it in news and economic discussions about sovereign debt, budget deficits, or systemic financial instability.
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fiscal crisisfinancial crisis (of a government or public sector)
Examples
- 财政危机。Zhè cì cái zhèng wēi jī dǎozhì le hěn duō guójiā jīngjì shuāituì.This fiscal crisis caused economic recession in many countries.
- 财政危机。Zhèngfǔ zhèngzài cǎiqǔ cuòshī yìngduì cái zhèng wēi jī.The government is taking measures to deal with the fiscal crisis.
- 财政危机，。cái zhèng wēi jī bàofā hòu, gōnggòng zhīchū dàfú jiǎnshǎo.After the fiscal crisis broke out, public spending was drastically reduced.
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