"The message from the United States and Europe is that governments must live within their means"
- Julie Bishop
About this Quote
This quote by Julie Bishop is referring to the need for governments to practice fiscal duty. It is a reminder that governments should bear in mind their spending and not over-extend their spending plans. The message is that governments must be prudent with their finances and not count on borrowing or other kinds of debt to fund their operations. This is specifically important in times of financial uncertainty, when governments must have the ability to manage their finances in order to guarantee the stability of their economies. The message from the United States and Europe is that federal governments must be disciplined in their spending and live within their means. This is a reminder that governments should bear in mind their spending and not over-extend their budgets.
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