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For the following definitions, select the key term that best relates to the definition For the folloWing definitionS, Select the key term that best relates

image text in transcribed For the following definitions, select the key term that best relates to the definition

For the folloWing definitionS, Select the key term that best relates to the definition; The probability that a government will meet its financial obligations as they become due and its service obligations to constituencies. A composite of a government's financial health and its ability and willingness to meet its financial obligations and its 2. commitments to provide services. The method of identifying a number that represents a target to which actual results are compared, or a basis for 3. 4. 5. 6. 7. comparison. The govemment's ongoing ability and willingness to raise revenues, incur debt, and meet its financial obligations as they become due. claims to cash to meet current obligations and those expected in the near future. The adequacy of cash and short- A government's ability to provide services at the level and quality that citizens desire. A government's ability to generate enough cash over a 30- or 60-day period to pay its bills. Budgetary solvency Benchmarking Budgetary solvency Cash solvency Economic condition Financial condition

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