fiscal-impact

Vocabulary Word

Definition

'Fiscal impact' refers to how a certain decision or policy affects finances or financial measures such as revenue or spending. It's all about the money!

Examples in Different Contexts

For budget planning, understanding the 'fiscal impact' of proposed expenditures or policies is crucial for governmental fiscal health. A budget officer might state, 'We need to consider the long-term fiscal impact of this infrastructure project to avoid budget deficits.'

Practice Scenarios

Business

Scenario:

We're considering a corporate restructuring. It's important to weigh the pros and cons before we dive in.

Response:

Before we move ahead with the restructuring, let's conduct a thorough fiscal impact analysis to gauge potential financial implications.

Public-Policy

Scenario:

The new immigration laws might change the face of our workforce substantially. We should evaluate their potential effects thoroughly.

Response:

Indeed, we should execute a comprehensive fiscal impact study to estimate the costs and benefits of the proposed immigration laws.