fiscal

Vocabulary Word

Definition

'Fiscal' relates to financial matters, especially those involving public money, like taxes or government budgets. Think of it as the more serious cousin of 'financial'.

Examples in Different Contexts

In governmental context, 'fiscal' often relates to budgetary matters. A finance minister might state, 'We have announced new fiscal policies to stimulate economic growth.'

Practice Scenarios

Policy

Scenario:

The new government has been advocating robust initiatives for reducing public debt.

Response:

Effective fiscal measures are needed for a sustained reduction in public debt.

Economics

Scenario:

The country's economy has been struggling with slow GDP growth and high inflation.

Response:

A strong fiscal policy could address these issues and stabilize the economy.