What Is Fiscal Consolidation?

Answer Fiscal consolidation is a policy intended to reduce deficits and the accumulation of debt, according to the Organisation for Economic Co-operation and Development. The term typically refers to a go... Read More »

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What is a fiscal week?

A fiscal week is a week that takes place within a fiscal year. The word fiscal is defined as "of or relating to financial matters," and it is often used with respect to the government system of tax... Read More »

Fiscal & Monetary Policy?

Fiscal and monetary policy are related, yet highly distinct concepts. One important distinction is between the agents who make policy. Monetary policy is not set by the government, but by bankers s... Read More »

The Purpose of Fiscal Statutes?

Fiscal statutes are designed to allow Congress to raise funds for particular purposes. The general rule, as laid out by the Supreme Court in United States v. MacCollom, is that, "The expenditure of... Read More »

What is a fiscal year-end statement?

A company's fiscal year is the 12-month period it uses to record its financial performance. At the end of the fiscal year, a company releases a statement on its finances.References:"Income Tax Regu... Read More »