Fiscal
Relating to government revenue, especially taxes.
'Fiscal' specifically pertains to public finance and the government's management of money, including taxation, spending, and debt. It's often used in phrases like 'fiscal policy' or 'fiscal year.'
Word relationships
- Financial: A broader term referring to money matters in general, for individuals, businesses, or governments.
- Monetary: Relating to money or currency, often used in the context of central bank policy.
- Economic: Relating to the economy or economics, a very broad term.
Commonly confused with
- Monetary: 'Fiscal' relates to government spending and taxation (budgetary policy), while 'monetary' relates to the supply of money and credit (central bank policy).
Word family
- fiscally (adverb): In a way that relates to government revenue or public finances.
Collocations
- fiscal policy
- fiscal year
- fiscal deficit
- fiscal responsibility
- fiscal stimulus
Example sentences
- "The government's new fiscal policy aims to stimulate economic growth through targeted spending and tax cuts." Economic news.
- "Many companies align their fiscal year with the calendar year, but some choose a different 12-month period." Company reporting periods.
Memory hook
FISCAL sounds like 'FISCus,' which was an ancient Roman money basket. Think of the government's 'money basket.' FISCAL = FISCus (money basket)
When not to use
Do not use 'fiscal' to refer to personal or private finances. It is reserved for governmental or public financial matters.
Fun facts
- The term 'confiscate' also comes from 'fiscus,' meaning to seize property for the public treasury.
Explore more words
Fiscal Policy, austerity, prosperity, subsidize, income, deficit
Also appears in
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