adjective

fiscal

/ˈfɪskəl/ · say it: FIS·kuhl

relating to government spending and taxes

In From the Business Pages

In more detail

1. (adjective) relating to money, taxes, or government finances

2. (adjective) relating to a fiscal year, the 12-month period used for accounting and taxes

Examples

1. The government announced a new fiscal policy to reduce inflation.
2. The company's fiscal year ends on December 31st.

How to use fiscal

Fiscal is a formal term used primarily in government, business, and economics contexts to describe matters related to public or organizational finances and taxation. It is more technical and official than the general word 'financial,' and often appears in phrases like 'fiscal year' (the accounting period used by governments or companies) and 'fiscal policy' (government spending and taxation decisions).

Common phrases

fiscal year
fiscal policy
fiscal crisis
fiscal responsibility
fiscal deficit

Synonyms

financial · monetary · budgetary · economic

Word family

fiscally (adverb) · fiscality (noun)

A common mistake

Learners sometimes confuse 'fiscal' with 'physical' due to similar pronunciation; fiscal concerns money and taxes, while physical concerns the body or material things.

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