Fiscal Autonomy
/ˈfɪskəl ɔːˈtɒnəmi/
Definitions
- (n.) The legal and financial capacity of a governmental entity to generate, manage, and allocate its own revenue independently of external control.
The region was granted fiscal autonomy to set its own tax rates and budget priorities.
Forms
- fiscal autonomy
Related terms
See also
Commentary
Fiscal autonomy often implies a legal framework that specifies limits and powers regarding revenue generation and expenditure, crucial for decentralization and federal systems.
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.