fiscal year
- noun
- /ˈfɪskəl jɪr/
- Specialized
- Tonight I am pleased to announce that ENCOM's last fiscal year was our most profitable ever.
- end of fiscal year
- fiscal year budget
- current fiscal year
That sector has seen just this fiscal year.
- That sector has seen just this fiscal year.
- Reconciliation is already being used for this fiscal year to push through Biden's Build Back Better bill.
- So we needed to hold the line and what we're doing right now so that when we get to the next fiscal year, FY pumps.
Examples
-
During the 1977 fiscal year, the United States gave the Ethiopians $109.4 million in assistance.
Academic text (1990) -
In the last fiscal year, we made $112 million before taxes.
-
Looking at the figures from our previous fiscal year.
-
The program is expected to serve 250 families in the 2010 fiscal year.
Academic text (2011) -
State agencies work on a fiscal year calendar, while state universities work on an academic year.
Academic text (1993) -
Most federal agencies hold their grant funds until quite late in the fiscal year before they announce their awards.
Academic text (1991) -
That's the total for the fiscal year.
-
The last set of data reported for community colleges by the Grapevine was for the fiscal year 2009.
Academic text (2012) -
USAID has already phased out missions in five countries, and this fiscal year it will phase out three more.
Academic text (1993) -
The company's profits increased significantly in the last fiscal year as they expanded their market reach.
Synonyms
A period of twelve months that businesses or governments use to record money and pay taxes
Surface Forms
Morphology
The meaning is directly compositional: 'fiscal' (relating to government or financial matters) modifies 'year' (a period of twelve months), so a B1 learner who knows both words can infer this refers to a year used for accounting/financial purposes. The construction is cross-linguistically common (e.g., Spanish 'año fiscal', French 'année fiscale'), so the relation is transparent even if the exact start/end dates vary.
Etymology
The phrase fiscal year comes from choosing a 12-month year just for money matters. fiscal means 'about money', so organizations count income and plan budgets in that special 'year'.