Debt and Fiscal Sustainability

Priority is important when we talk about government budgets and fiscal sustainability. We know how important fiscal discipline is for maintaining macroeconomic stability and ensuring fiscal sustainability.

The word “priority” has a long history. It is said that it came from the word “prior,” which means “fast” in Latin . Then, the word is interpreted as the very first or prioritized.

According to author George McKeown, the word priority came into the English in the 1400s. It was singular. However, starting in the 1900s, people used it in plural: priorities. This is a rather odd logic: if there are multiple “priorities”, then it is no longer clear which one is the most important thing.