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Public Administration vocabulary · Public Budgets and Finance

Fiscal year

Meaning in public administration, with examples

nounCore term

In public administration, fiscal year means: The twelve-month period that a government or organization uses for its budget and accounts, which may or may not match the calendar year.

In Turkish: mali yıl, bütçe yılı, hesap dönemi

How it is used

Written as FY in tables: FY2025. The fiscal year matches the calendar year in Turkey, but the UK government uses April to March and the US federal government October to September. British texts also say financial year.

Example sentences

  1. Grant funds that are not spent by the end of the fiscal year must be returned.

  2. The project will start in the next fiscal year, subject to budget approval.

Common collocations

  • current fiscal year
  • end of the fiscal year
  • fiscal year 2025
  • previous fiscal year
  • budgetA plan showing how much money a government or public body expects to receive and how it will spend that money over a set period, usually one year.
  • appropriationAn amount of public money that a parliament or council officially approves for a specific purpose, giving a public body the legal right to spend it.
  • revenueMoney that a government or public body receives, mainly from taxes but also from fees, charges, fines and the sale of assets.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Public Budgets and Finance

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