A government with a “credible” plan for “fiscal consolidation” supposedly is less likely to default on its debt, or leave it for the future to pay. This will, it is thought, enable the government to borrow money more cheaply than it would otherwise be able to do, in turn lowering interest rates for private borrowers, which should boost economic activity.
这就是为什么削减债务成为大多数政府财政政策的核心。一个具有“可信”的“财政整合”计划的政府想必不太会对其债务违约，或把它留给未来去偿还。人们认为，这能让政府以更低的成本借到钱，反过来拉低私人借款人的利率，从而能够提振经济活动。于是，财政整合就成了经济复苏的不二法门。