A fiscal crisis is a budget crisis is the name for a situation in which the legislative and the executive in a presidential system are unable to pass a budget. This causes the system to temporarily shut down.

unable to repay ones debt

He reclaimed Rabobank's triple-A bond rating, which had been lost during the Enron crisis. Profits for fiscal 2003 were up 12 percent; further growth was expected for fiscal 2004

He reclaimed Rabobank's triple-A bond rating, which had been lost during the Enron crisis. Profits for fiscal 2003 were up 12 percent; further growth was expected for fiscal 2004

Fiscal usually relates to matters of financial stature. Fiscal could also relate to taxes and government issues. The use of the word fiscal can be combined in conjunction with fiscal cliff, fiscal year, fiscal deficit, fiscal policy and fiscal parish.