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fiscal year

fiscal year

76 3.9
A twelve-month period that governments or companies use for money and budgets, not always matching the calendar year
  • noun
  • /ˈfɪskəl jɪr/
  • Specialized
translation icon : año fiscal
  • 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.

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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

financial year
vsfiscal year
  • UK
1 3.0

A period of twelve months that businesses or governments use to record money and pay taxes

is broader, including organizations as users beyond governments and businesses

Surface Forms

fiscal year singular
fiscal years plural

Morphology

fiscal + year

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'.