Meaning & Definition of word "Fiscal"

Fiscal

/ˈfɪs.kəl/

1. Relating to government revenue, especially taxes.
- Example: The government announced a series of fiscal reforms to increase tax revenues.
2. Relating to financial matters or public finances.
- Example: The fiscal policy of the country has been under scrutiny due to rising deficits.
3. Pertaining to the financial year, particularly the period in which a budget is enacted.
- Example: 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.

Meaning: Fiscal cliff

● Example Sentence: The fiscal cliff situation is causing a lot of uncertainty in the stock market.

Meaning: Fiscal hawk

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