noun
fiscal collapse; economic collapse
Refers to a government's or organization's inability to meet its financial obligations, often leading to default or restructuring.
ギリシャの財政破綻はユーロ圏全体に影響を与えた。
Greece's fiscal collapse affected the entire eurozone.
このままでは地方自治体の財政破綻は避けられない。
At this rate, the local government's fiscal collapse is unavoidable.
Compound of 財政 (finance, fiscal) and 破綻 (collapse, failure). The exact historical derivation is uncertain, but the term is widely used in modern economic and political discourse.