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Glite Dictionary
fiscalism

fiscalism

1 8.6
A government approach to tightly control taxes and public spending
  • noun
  • /ˈfɪskəlɪzəm/
  • Specialized
translation icon : fiscalismo
  • Through strict fiscalism, the administration aims to ensure transparency in taxation and government expenditures.
  • Conservative fiscalism

Examples

  • Many experts believe that fiscalism can lead to more effective management of national resources and reduce public debt.

  • This encouragement of symbiotic fiscalism and the economically benign policies it suggested was reflected in the required texts for the all-important civil service exams.

    Academic text (2017)

  • Into the early Song, the economic role of government was essentially Confucian; state and economy were viewed as symbiotic (a philosophy known as fiscalism), so officials were encouraged to practice wu-wei (no action or laissez-faire) and pacifism (Hu 2006).

    Academic text (2017)

  • The government's new budget reflects a commitment to fiscalism by prioritizing public spending on essential services.

Synonyms

fiscal policy
vsfiscalism
  • Specialized
21 4.5

Government plans for taxes, spending and borrowing to help control the economy

emphasizes strict control and an ideological approach rather than flexible economic tools

Surface Forms

fiscalism singular
fiscalisms plural

Morphology

fiscalism = fiscal (transparent) = fiscal + ism

Formed by a standard derivational suffix '-ism' from the adjective 'fiscal' to denote a doctrine or policy concerning fiscal matters.

Etymology

The word fiscalism comes from the word fiscal, which comes from the old Latin fiscus meaning 'treasury' or 'money basket', and it is the same root as finance. So, fiscalism is the idea of strict rules for how a government manages public money, taxes, and spending.