Fiscal Definition & Meaning | Britannica Dictionary (2024)

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Fiscal Definition & Meaning | Britannica Dictionary? ›

Britannica Dictionary definition of FISCAL. : of or relating to money and especially to the money a government, business, or organization earns, spends, and owes.

adjective. of or relating to government finances, esp tax revenues. of or involving financial matters.

fis·​cal ˈfis-kəl. 1. : of or relating to taxation, public revenues, or public debt.

adverb. in a way that involves money or financial matters: The hospital's financial reports verify that they are more fiscally sound than they have been in the past.

1. of or relating to government finances, esp tax revenues. 2. of or involving financial matters.

There are several examples of fiscal policy. Some of them include tax reduction and increased government spending (expansionary), tax increases and reduced government pay or jobs (contractionary), and changing interest rates (monetary).

Working with the management staff of a department, fiscal officers help draft budgets, control spending and record transactions. They are responsible for ensuring that all departments in a company follow their advice and use financial best practices.

Examples of fiscal

You end up with a situation that is very dangerous to the fiscal order. That's a lot of debt for a guy who claims to be a fiscal conservative.

Synonyms of 'fiscal' in British English

The company is in financial difficulties. money. economic. Their country faces an economic crisis. monetary.

An expansionary fiscal policy lowers tax rates or increases spending to increase aggregate demand and fuel economic growth. A contractionary fiscal policy raises rates or cuts spending to prevent or reduce inflation.

What is the full meaning of fiscal responsibility? ›

Put simply, fiscal responsibility means using your money wisely. Examples of fiscal responsibility are: Earning money in a sustainable way. Having a budget and sticking with it. Not spending money irresponsibly and impulsively.

In the United States, fiscal policy is directed by both the executive and legislative branches of the government. In the executive branch, the President—with counsel from the Secretary of the Treasury and economic advisors—directs fiscal policies.

Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.

fiscal | American Dictionary

fiscal. adjective [ not gradable ] /ˈfɪs·kəl/ relating to public money or other financial matters: a sound fiscal policy.

The word fiscal resembles the word financial, which makes sense because both involve money. This word has to do with anything financial, which is another fancy word for the world of money. When you're an adult, you have fiscal responsibilities like paying rent, buying groceries, and paying taxes.

Fiscus (Latin for "basket") was the treasury of the Roman Empire. It was initially the personal wealth of the emperors, funded by taxation on the imperial provinces, assumption of estates and other privileges.

Monetary policy refers to central bank activities that are directed toward influencing the quantity of money and credit in an economy. By contrast, fiscal policy refers to the government's decisions about taxation and spending. The two sets of policies affect the economy via different mechanisms.

A fiscal year is a 12-month period chosen by a company or government to coincide with planning, budgeting, or revenue cycles. Financial reports, external audits, and federal tax filings are based on a company's fiscal year. Fiscal years are important because they allow an entity to better prepare for its upcoming year.

The economy can cope with a fiscal tightening. The need to stick to the target for fiscal deficit reduction was voted the most important. He boasted that no opposition has been more open about its fiscal plans. The challenges of its weak fiscal position remain.