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Meaning of fiscal responsibility
The primary meaning of "fiscal responsibility" refers to the management of finances in a way that is efficient, effective, and sustainable.
Etymology of fiscal responsibility
The term "fiscal" originates from the Latin word "fiscus," meaning "basket" or "treasury," which was used to refer to the public treasury or revenue of the Roman Empire.
The concept of fiscal responsibility has evolved over time, with the term gaining prominence in the 19th and 20th centuries as governments and businesses began to prioritize prudent financial management.
Synonyms
financial responsibility
economic prudence
budgeting
thriftiness
frugality
cost-effectiveness
resource management
financial management
monetary responsibility
budgetary control
fiscal discipline
financial stewardship
prudent spending
economical use
responsible budgeting
financial accountability
fiscal conservatism
budget consciousness
cost consciousness
financial planning
economic responsibility
monetary discipline
fiscal rectitude
budget awareness
financial vigilance
prudent financial management
economic stewardship
responsible financial management
Definitions
- The quality of being responsible for the management of finances, especially in a government or business context.
- * The practice of managing finances in a way that is efficient, effective, and sustainable.
Usage Examples
- The government's fiscal responsibility is being questioned due to its increasing debt and budget deficits.
- * The company's fiscal responsibility is reflected in its careful budgeting and financial planning.
Antonyms
fiscal irresponsibility
financial recklessness
economic profligacy
wastefulness
extravagance
improvidence
financial negligence
monetary mismanagement
budgetary excess
fiscal laxity
economic waste
financial improvidence
reckless spending
profligate spending
wasteful expenditure
financial extravagance
economic extravagance
monetary extravagance
fiscal extravagance