Fiscal Sovereignty
/ˈfɪskəl ˈsɒvərənti/
Definitions
- (n.) The authority and autonomy of a state or governmental entity to manage its own public finances, including taxation, expenditure, and borrowing without external interference.
Fiscal sovereignty allows a country to set its own tax rates and budget priorities independently.
Forms
- fiscal sovereignty
Related terms
See also
Commentary
Fiscal sovereignty is fundamental in constitutional and international law, as it defines a government's control over economic policy, often reviewed in contexts of supranational organizations or shared economic zones.
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.