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Meaning of fiscal system
The primary meaning of "fiscal system" refers to the system of managing a country's or organization's finances, including taxation, budgeting, and public expenditure.
Etymology of fiscal system
The word "fiscal" originates from the Latin word "fiscus," meaning "basket" or "purse," which referred to the Roman treasury.
The term "fiscal system" emerged in the 17th century, as governments began to develop more complex systems for managing their finances.
Synonyms
financial system
economic system
monetary system
tax system
budget system
revenue system
expenditure system
accounting system
auditing system
financial management
economic management
monetary policy
fiscal policy
public finance
government finance
financial planning
budgeting
forecasting
financial regulation
economic regulation
tax policy
revenue management
expenditure management
financial control
economic control
monetary control
fiscal control
financial administration
economic administration
monetary administration
fiscal administration
public administration
government administration
financial governance
economic governance
monetary governance
fiscal governance
Definitions
- A fiscal system is a set of policies, procedures, and institutions that govern the management of a country's or organization's finances, including taxation, budgeting, and public expenditure.
- * It encompasses the rules, regulations, and practices that shape the allocation and use of financial resources.
Usage Examples
- The government is reforming its fiscal system to reduce debt and increase economic growth.
- * The company's fiscal system is designed to ensure transparency and accountability in financial management.
- * The fiscal system of the country is facing challenges due to corruption and inefficiency.
Antonyms
informal economy
black market
unregulated market
untaxed economy
unofficial economy
unrecorded economy
hidden economy
shadow economy
barter system
non-monetary system
subsistence economy
primitive economy
unmanaged economy
chaotic system
disorganized system
inefficient system
ineffective system
unproductive system
wasteful system