Fiscal

/ˈfɪs.kəl/

Meaning & Definition

adjective

Relating to government revenue, especially taxes.

The government announced a series of fiscal reforms to increase tax revenues.

Relating to financial matters or public finances.

The fiscal policy of the country has been under scrutiny due to rising deficits.

Pertaining to the financial year, particularly the period in which a budget is enacted.

The company is preparing its fiscal budget for the next financial year.

From Latin 'fiscalis', relating to a money-bag, derived from 'fiscus' meaning treasury or purse.

fiscal year

A year as reckoned for taxing or accounting purposes.

fiscal policy

Government policy regarding taxation and spending.

fiscal responsibility

The concept of managing government funds prudently.

finance

The management of large amounts of money, especially by governments or large companies.

budget

An estimate of income and expenditure for a set period of time.

taxation

The process of taxing, especially the system of taxes imposed by a government.

Fiscal cliff

The fiscal cliff situation is causing a lot of uncertainty in the stock market.

Fiscal hawk

As a fiscal hawk, she is always advocating for balanced budgets and reduced government spending.