Fiscal Oversight
/ˈfɪskəl ˈoʊvərˌsaɪt/
Definitions
- (n.) The legal authority and responsibility to monitor, review, and regulate the use of public funds and budget implementation to ensure legality, efficiency, and accountability.
The government established a fiscal oversight committee to prevent misappropriation of public resources.
Forms
- fiscal oversight
Related terms
See also
Commentary
Fiscal oversight typically involves both preventive and corrective measures, crucial in public sector governance to maintain transparency and prevent corruption.
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.