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fiscal year
noun
any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition.
fiscal year
noun
any annual period at the end of which a firm's accounts are made up
the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year
fiscal year
A twelve-month period for which an organization, such as a government or corporation, plans the use of its funds. Commonly, fiscal years run from July 1 to June 30, or, in the case of the U.S. government, from October 1 to September 30.
Word History and Origins
Origin of fiscal year1
Example Sentences
For instance, California has netted an estimated $8.8 billion this fiscal year from its tax on managed care plans and took in about $5.9 billion last year from hospitals.
Among the council’s changes to the mayor’s spending plan was a reduction in the number of police officers hired in the coming fiscal year, which would drop from 480 to 240.
Nintendo has stated that it expects to sell 15 million new consoles between now and the end of its fiscal year next March.
But Homeland Security’s budget proposal to Congress for the next fiscal year suggests a bleaker future.
Those proposals, as part of the administration’s 2026 fiscal year budget, passed the House and await action by the Senate.
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