Fiscal Union
/ˈfɪskəl ˈjuːnjən/
Definitions
- (n.) A political and legal framework where multiple states unify their fiscal policies, budgets, and taxation systems, often to achieve economic stability and integration.
The European Union's discussions about a fiscal union aim to coordinate member states' budgetary policies more closely.
Forms
- fiscal union
Related terms
See also
Commentary
Often distinguished from monetary union, a fiscal union emphasizes budgetary and taxation policies rather than solely controlling currency or monetary instruments.
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.