Fiscal Authority
/ˈfɪskəl ɔːˈθɒrɪti/
Definitions
- (n.) A government agency or entity authorized to manage and oversee public revenue, taxation, and expenditure.
The fiscal authority imposed new tax regulations to increase state revenue.
- (n.) The legal power vested in a government or its representatives to collect taxes and allocate public funds.
Fiscal authority enables the government to enforce tax laws and budget allocations.
Forms
- fiscal authority
- fiscal authorities
Related terms
See also
Commentary
Fiscal authority typically denotes the legal and institutional capacity of a government to handle fiscal matters, distinct from monetary authority which controls currency and interest rates.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.